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of <h1>Supreme Court Affirms No Oppression in Family Company Dispute; Upholds Company Law Board's Decision Applying Duomatic Principle.</h1> The Supreme Court examined issues of oppression and mismanagement under the Companies Act, 1956 and 2013, involving a family dispute within a company. The case centered on the validity of board meetings, resignation withdrawal, share transmission, and AGMs. The court upheld the Company Law Board's decision, noting no fraud or dishonesty. The Duomatic Principle was applied, allowing informal consent by all members to override statutory requirements. The mother, who did not initially object to her daughter's appointment as managing director, lacked standing for litigation. The court found no oppression or mismanagement, affirming the company's legitimate operations and profitability.
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