The Delhi High Court held that a common-law derivative action survives in a deadlocked company under the wrongdoer-control exception to Foss v. Harbottle, and that a director who runs a competing business breaches the fiduciary duties codified in Section 166 of the Companies Act, 2013 and must account for the resulting gains.
In 2016 a three-judge Bench of the Supreme Court accepted the Justice R.M. Lodha Committee's recommendations and directed the BCCI to implement sweeping structural reforms. A digest of the two-judgment litigation born of the 2013 IPL betting scandal, the holding that the Board performs public functions amenable to Article 226, and how several reforms were later relaxed.