#Board Resolution

Bombay High Court rules that directors lack inherent authority to bind a company in property transactions without a valid board resolution. Plaintiffs in specific performance suits must demonstrate both the director’s authority and their own readiness to perform to secure interim relief. The ruling reinforces corporate governance safeguards under the Companies Act, 2013, impacting shareholders, directors, and litigants in contract disputes.

The Punjab & Haryana High Court ruled that a board resolution correcting an inadvertent error in a MoU date is admissible at the initial stage of litigation, as it is clarificatory and causes no prejudice. The court emphasized that procedural rules must facilitate justice, not obstruct it, allowing such corrections to prevent technical dismissals.

Bombay High Court at Goa holds that only a specific board resolution authorizing prosecution against a particular entity validates a complaint under the Air Act. Legal clarity for pollution regulators.