https://www.taxtmi.com/highlights?id=105189 Pending appeal against dismissal of an oppression and mismanagement petition does not, without a stay, restore former directors' corporate authority or suspend the operative effect of the Tribunal's order. Relief for oppression or mismanagement requires qualifying membership, conduct prejudicial to members, public interest or the company, and the statutory foundation for remedial or interim orders. Challenges to director removal must distinguish procedural validity from the broader threshold for oppression. Banks ordinarily should follow formally authorised company instructions rather than adjudicate unresolved internal-management disputes, absent a competent restraint. Collateral participants must independently establish locus and comply with proper recall, impleadment and appellate procedures. en-us Mon, 19 Oct 2026 18:52:03 +0530 Mon, 19 Oct 2026 18:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105189 Pending appeal against dismissal of an oppression and mismanagement petition does not, without a stay, restore former directors' corporate authority or suspend the operative effect of the Tribunal's order. Relief for oppression or mismanagement requires qualifying membership, conduct prejudicial to members, public interest or the company, and the statutory foundation for remedial or interim orders. Challenges to director removal must distinguish procedural validity from the broader threshold for oppression. Banks ordinarily should follow formally authorised company instructions rather than adjudicate unresolved internal-management disputes, absent a competent restraint. Collateral participants must independently establish locus and comply with proper recall, impleadment and appellate procedures. Highlights Companies Law Mon, 19 Oct 2026 18:52:03 +0530 https://www.taxtmi.com/highlights?id=105189