A Study of the terms 'Oppression and mismanagement' under the Companies Act, 1956 and 2013.

Duomatic principle upheld: unanimous member acquiescence prevents oppression or mismanagement findings in family company governance dispute.

The Duomatic Principle was applied to validate informal corporate acts where members gave unanimous or tacit assent: a director's withdrawal of resignation, the appointment of a managing director, and share transfers were held bona fide and not fraudulent. The appellant's prior knowledge and acquiescence estopped subsequent challenges, and she lacked locus to sue on behalf of trusts. Fraud remains an exception to Duomatic application; absent fraud and public prejudice, the facts did not constitute oppression or mismanagement.