https://www.taxtmi.com/caselaws?id=400307 The Tribunal found in favor of the Petitioners, who alleged oppression and mismanagement by Investor Directors, holding that their actions jeopardized the Company's operations. Validity of Board resolutions approving credit facilities was upheld, with the Tribunal noting Investor Directors' objections were not in the Company's best interest. The Tribunal asserted jurisdiction over oppression and mismanagement issues, despite arbitration clause objections. Interim reliefs were granted to maintain ongoing credit facilities and restrain interference. The Tribunal emphasized the need for detailed examination of financial irregularities alleged by the Petitioners. en-us Wed, 29 Jul 2020 00:00:00 +0530 Mon, 02 Nov 2020 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400307 The Tribunal found in favor of the Petitioners, who alleged oppression and mismanagement by Investor Directors, holding that their actions jeopardized the Company's operations. Validity of Board resolutions approving credit facilities was upheld, with the Tribunal noting Investor Directors' objections were not in the Company's best interest. The Tribunal asserted jurisdiction over oppression and mismanagement issues, despite arbitration clause objections. Interim reliefs were granted to maintain ongoing credit facilities and restrain interference. The Tribunal emphasized the need for detailed examination of financial irregularities alleged by the Petitioners. Case-Laws Companies Law Wed, 29 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400307