CORPORATE GOVERNANCE AND COMPANY LAW FRAMEWORK: A JUDICIAL PERSPECTIVE

This study examines the corporate governance and company law framework through a judicial lens, highlighting the pivotal role played by courts and tribunals in shaping corporate conduct and accountability. It explores how judicial interpretation of company law provisions has strengthened principles such as transparency, fairness, fiduciary responsibility, and protection of stakeholder interests. By analyzing landmark judgments, the paper illustrates how the judiciary has addressed issues relating to shareholder rights, director duties, corporate fraud, oppression and mismanagement, and regulatory compliance. The discussion also emphasizes the evolving relationship between statutory law and judicial activism in adapting governance standards to changing economic and corporate realities. Special focus is placed on the Indian legal context, including the role of the Companies Act and specialized forums like the National Company Law Tribunal. Overall, the study underscores that judicial intervention is crucial in reinforcing ethical governance, ensuring corporate accountability, and maintaining investor confidence in the corporate system.