Topic

corporate oppression

2 articlesLatest July 2026
Section 242 Companies Act | Fraudulent Transactions Can Be Unwound Without Consent: NCLAT Upholds RBI Directions as Binding
Case Law Analysis
|National Company Law Appellate Tribunal

Section 242 Companies Act | Fraudulent Transactions Can Be Unwound Without Consent: NCLAT Upholds RBI Directions as Binding

NCLAT ruled that fraudulent transactions under Section 242 of the Companies Act can be set aside without the consent of involved parties, reinforcing RBI directions as legally binding. The judgment impacts insolvency proceedings and corporate governance, particularly for NBFCs and group companies engaged in sham lending arrangements.

Section 242 Companies Act | Supreme Court Mandates Robust Interim Relief to Preserve Disputed Assets in Oppression & Mismanagement Cases
Case Law Analysis
|Supreme Court of India

Section 242 Companies Act | Supreme Court Mandates Robust Interim Relief to Preserve Disputed Assets in Oppression & Mismanagement Cases

The Supreme Court ruled that courts must grant strong interim relief in oppression and mismanagement cases under Section 242 of the Companies Act, 2013, to prevent dissipation of disputed assets until final adjudication. The judgment rejects vague restraints and directs NCLT to dispose of such cases expeditiously, ensuring minority shareholders' rights are protected against prejudicial actions by majority stakeholders.

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