https://www.taxtmi.com/caselaws?id=797932 Oppression and mismanagement jurisdiction under Sections 241-242 may extend to an NBFC's cumulative regulatory and governance failures, including leverage-ratio breaches, delayed conversion of OCDs into CCPS, related-party advances, and transactions lacking arm's-length safeguards. RBI monetary enforcement does not displace company-law relief protecting the company, members and public interest. Mass resignations of compliance personnel and removal of independent directors may be relevant circumstantial evidence of governance deterioration. Protective measures, including independent management and temporary Board suspension, may be appropriate where the material indicates lack of probity, while the substantive company petition remains subject to adjudication on its merits. en-us Tue, 25 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797932 Oppression and mismanagement jurisdiction under Sections 241-242 may extend to an NBFC's cumulative regulatory and governance failures, including leverage-ratio breaches, delayed conversion of OCDs into CCPS, related-party advances, and transactions lacking arm's-length safeguards. RBI monetary enforcement does not displace company-law relief protecting the company, members and public interest. Mass resignations of compliance personnel and removal of independent directors may be relevant circumstantial evidence of governance deterioration. Protective measures, including independent management and temporary Board suspension, may be appropriate where the material indicates lack of probity, while the substantive company petition remains subject to adjudication on its merits. Case-Laws Companies Law Tue, 25 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797932