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    <title>2026 (9) TMI 1934 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI (LB)</title>
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    <description>Oppression and mismanagement proceedings under the Companies Act require issue-specific, reasoned assessment of material allegations, including asset transfers, dilution, debt-to-equity conversion, valuation, and allotment; commercial rationale alone cannot replace examination of contrary evidence or cumulative effects. Perjury or misrepresentation consequences require identification of the precise false statement, supporting material, intentional falsity, and a meaningful opportunity to respond, consistent with audi alteram partem. Equitable relief may be refused under the clean hands doctrine only on clear, cogent findings of deliberate misrepresentation, particularly where contemporaneous corporate records reasonably bear competing interpretations.</description>
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      <link>https://www.taxtmi.com/caselaws?id=799908</link>
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