Companies Act, 2013 — Ss. 241 and 242 — When can be granted on grounds of, under S. 241(1)(a) r/w Ss. 242(1)(a) & (b)-Conduct of affairs of company prejudicial to public interest, or, to the company, or, prejudicial or oppressive to any member(s) of company
In a petition under S. 241, the true question to be asked by the Tribunal is whether removal of a Director/Executive Chairman tantamount to conduct which is oppressive or prejudicial…