Thursday, 30 May 2013

Unfair to try ex-JV partner for alleged breaches of JV when such disputes were settled in his favour

CL : JV partner directed to buy out other JV partner's shares(return his investment with 8% interest) by CLB & HC(in appeal) in petition filed by the latter for oppression/mismanagement under section 397/398 and directed the former to repay Instead of complying with the CLB & HC orders, the former harassed the latter by filing criminal complaints on matters related to JV contractual disputes which were already settled by CLB & HC. This clearly amounts to abuse of process of law and criminal proc


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