https://www.taxtmi.com/caselaws?id=279316 Valid board notice, quorum and participation by the nominee directors support a board decision taken under the articles of association, especially where the agreement itself contains termination and default clauses. A corporate act will not, by itself, amount to oppression or mismanagement merely because it is alleged to conflict with a statutory restriction; relief under company law requires oppressive or prejudicial conduct in the sense contemplated by the statute. The note also indicates that tribunals will not substitute their view for bona fide commercial judgment when the decision is procedurally regular and commercially grounded. en-us Tue, 14 Nov 2017 00:00:00 +0530 Mon, 03 Mar 2025 13:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279316 Valid board notice, quorum and participation by the nominee directors support a board decision taken under the articles of association, especially where the agreement itself contains termination and default clauses. A corporate act will not, by itself, amount to oppression or mismanagement merely because it is alleged to conflict with a statutory restriction; relief under company law requires oppressive or prejudicial conduct in the sense contemplated by the statute. The note also indicates that tribunals will not substitute their view for bona fide commercial judgment when the decision is procedurally regular and commercially grounded. Case-Laws Companies Law Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279316