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.