Saturday 26 October 2013

Petitioner can implead a Co. in petition complaining of oppression in affairs of another respondent

CL : If an independent entity, even if it is a company in which petitioners are not members, has colluded with members/directors of respondent company resulting in prejudice to interest of respondent company and its stake holders, petitioners can seek to implead that entity as respondent in petition under section 397 complaining oppression and mismanagement in affairs of respondent company


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