https://www.taxtmi.com/highlights?id=80518 Corporate dispute involving allegations of oppression and mismanagement by equal shareholders. Key points: Oppression implies lack of probity or equity, intention behind actions relevant. No majority shareholder, issue of control over management. Appointment/removal of directors not oppression. Quasi-partnership principles applicable. Casting vote misused for personal benefit after dispute arose. Disqualifying both directors impermissible. Removing casting vote justified to prevent one group's control. Equal shareholders entitled to board representation based on shareholding. en-us Tue, 20 Aug 2024 08:25:29 +0530 Tue, 20 Aug 2024 08:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80518 Corporate dispute involving allegations of oppression and mismanagement by equal shareholders. Key points: Oppression implies lack of probity or equity, intention behind actions relevant. No majority shareholder, issue of control over management. Appointment/removal of directors not oppression. Quasi-partnership principles applicable. Casting vote misused for personal benefit after dispute arose. Disqualifying both directors impermissible. Removing casting vote justified to prevent one group's control. Equal shareholders entitled to board representation based on shareholding. Highlights Insolvency and Bankruptcy Tue, 20 Aug 2024 08:25:29 +0530 https://www.taxtmi.com/highlights?id=80518