https://www.taxtmi.com/caselaws?id=751299 In oppression and mismanagement proceedings, the Tribunal's jurisdiction was described as wide enough to invalidate a corporate transaction and grant consequential relief where the company's affairs were conducted prejudicially and in breach of mandatory statutory requirements and the articles of association. A pending civil suit limited to a permanent injunction did not bar examination of the lease deed because it did not ? Need English only. The lease of the company's sole immovable asset, executed without the written consent required by the articles and in breach of related party and board authority requirements, was treated as invalid and oppressive. The challenged order setting aside the lease deed and consequential directions was sustained. en-us Wed, 10 Apr 2024 00:00:00 +0530 Fri, 12 Apr 2024 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751299 In oppression and mismanagement proceedings, the Tribunal's jurisdiction was described as wide enough to invalidate a corporate transaction and grant consequential relief where the company's affairs were conducted prejudicially and in breach of mandatory statutory requirements and the articles of association. A pending civil suit limited to a permanent injunction did not bar examination of the lease deed because it did not ? Need English only. The lease of the company's sole immovable asset, executed without the written consent required by the articles and in breach of related party and board authority requirements, was treated as invalid and oppressive. The challenged order setting aside the lease deed and consequential directions was sustained. Case-Laws Companies Law Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751299