https://www.taxtmi.com/caselaws?id=447104 NCLAT set aside tribunal's order regarding director's removal under Sections 241-242 of Companies Act, 2013. The original order was passed in 2020 before SC's landmark Tata Consultancy judgment (2021) which clarified that tribunals cannot order reinstatement of directors as it violates Section 14 of Specific Relief Act, 1963 and involves personal qualifications under Section 149(6). NCLAT remanded the matter to tribunal for fresh consideration in light of Tata Consultancy precedent covering oppression, mismanagement, director removal, and quasi-partnership aspects. en-us Thu, 14 Dec 2023 00:00:00 +0530 Mon, 18 Dec 2023 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447104 NCLAT set aside tribunal's order regarding director's removal under Sections 241-242 of Companies Act, 2013. The original order was passed in 2020 before SC's landmark Tata Consultancy judgment (2021) which clarified that tribunals cannot order reinstatement of directors as it violates Section 14 of Specific Relief Act, 1963 and involves personal qualifications under Section 149(6). NCLAT remanded the matter to tribunal for fresh consideration in light of Tata Consultancy precedent covering oppression, mismanagement, director removal, and quasi-partnership aspects. Case-Laws Companies Law Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447104