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of <h1>Supreme Court Upholds Company Law Board Decision: No Oppression in Family Dispute Under Companies Act 1956 & 2013.</h1> The Supreme Court examined terms of 'oppression and mismanagement' under the Companies Act, 1956 and 2013, in a family dispute involving a company. The case involved a mother and her three daughters, with the third daughter being appointed as managing director. The court upheld the Company Law Board's decision, noting no fraud or dishonesty, and emphasized the Duomatic Principle, which allows informal agreement by all members in lieu of formal resolutions. The court found no oppression or mismanagement, as the mother had acquiesced to the daughter's appointment and share transfer, and ruled against winding up the company.
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