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NCLT Overturns Director's Removal for "Loss of Confidence"; Section 242 Cites Mismanagement and Oppression in Company Decision.

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....Oppression and mismanagement - removal of MD/Director - in the notice there was an agenda for removal of 1st respondent as Managing Director and not director - therefore, the NCLT in exercise of its powers u/s 242 has rightly set aside the decision of the company to remove as director of the company - removal due to loss of confidence does not appear in the Companies Act - eligible for compensation also....

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