https://www.taxtmi.com/caselaws?id=407669 The Tribunal dismissed the Petition challenging the acquisition of reversionary rights in the leased property by the Respondent Company and the removal of the Petitioner as Director. The Tribunal found no evidence of oppression or mismanagement, emphasizing corporate democracy and majority shareholders' decisions prevailing. The Petitioner's claims were rejected as he had participated in the acquisition process and failed to justify oppression or mismanagement. The removal of the Petitioner as Director was deemed lawful, in accordance with the Companies Act, 2013. en-us Mon, 10 May 2021 00:00:00 +0530 Tue, 18 May 2021 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407669 The Tribunal dismissed the Petition challenging the acquisition of reversionary rights in the leased property by the Respondent Company and the removal of the Petitioner as Director. The Tribunal found no evidence of oppression or mismanagement, emphasizing corporate democracy and majority shareholders' decisions prevailing. The Petitioner's claims were rejected as he had participated in the acquisition process and failed to justify oppression or mismanagement. The removal of the Petitioner as Director was deemed lawful, in accordance with the Companies Act, 2013. Case-Laws Companies Law Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407669