https://www.taxtmi.com/caselaws?id=434584 A company governed by rotational election provisions was analysed on maintainability under sections 241-242 of the Companies Act, 2013, with waiver under section 244 sustained because the dispute arose from continuing internal conflicts and exceptional circumstances. The Tribunal treated the challenged acts as a continuing course of oppressive and prejudicial conduct affecting members and corporate functioning, and held that the statutory standard for oppression and mismanagement was met. It also held that a sole eligible candidate could be elected unopposed, but found the election process inconsistent with the Articles of Association. The appellate challenge failed and the Tribunal's directions were affirmed. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 27 Feb 2023 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434584 A company governed by rotational election provisions was analysed on maintainability under sections 241-242 of the Companies Act, 2013, with waiver under section 244 sustained because the dispute arose from continuing internal conflicts and exceptional circumstances. The Tribunal treated the challenged acts as a continuing course of oppressive and prejudicial conduct affecting members and corporate functioning, and held that the statutory standard for oppression and mismanagement was met. It also held that a sole eligible candidate could be elected unopposed, but found the election process inconsistent with the Articles of Association. The appellate challenge failed and the Tribunal's directions were affirmed. Case-Laws Companies Law Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434584