Supreme Court · 2021 INSC 217 · Decided 26 March 2021
Tata Consultancy Services Limited v. Cyrus Investments PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2021 INSC 217 · [2021] 12 S.C.R. 903
- Case number
- CIVIL APPEAL No. 440/2020
- Decided
- 26 March 2021
- Bench
- S.A. BOBDE, A.S. BOPANNA, V. RAMASUBRAMANIAN (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 241, 242; Specific Relief Act Section 14
Headnote
Companies Act, 2013 - ss. 241 and 242 - Held: The sine qua non for invoking s.241 is that the affairs of the Company should have been conducted or are being conducted in a manner oppressive or prejudicial to some of the members - In a petition u/ s.241, the question whether the removal of a Director was legally valid and/or justified or not - The question to be asked is whether such a removal tantamount to a conduct oppressive or prejudicial to some members - Even in cases where the Tribunal finds that the removal of a Director was not
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