https://www.taxtmi.com/highlights?id=57943 Oppression and mismanagement - The complete exclusion of the petitioner group from the board cannot be justified merely by pointing out that the meeting is a validly convened meeting, that the resolutions were duly approved and therefore the court should not intervene. There is no gainsaying that the principles of equity have been greatly disturbed by the act of the respondent group in removing all the three directors of the petitioner group and assuming 100% control of the board. The petitioners have made out a prima facie case for grant of the interim reliefs. - Tri en-us Thu, 13 May 2021 10:35:45 +0530 Thu, 13 May 2021 10:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57943 Oppression and mismanagement - The complete exclusion of the petitioner group from the board cannot be justified merely by pointing out that the meeting is a validly convened meeting, that the resolutions were duly approved and therefore the court should not intervene. There is no gainsaying that the principles of equity have been greatly disturbed by the act of the respondent group in removing all the three directors of the petitioner group and assuming 100% control of the board. The petitioners have made out a prima facie case for grant of the interim reliefs. - Tri Highlights Companies Law Thu, 13 May 2021 10:35:45 +0530 https://www.taxtmi.com/highlights?id=57943