Tuesday, 12 November 2013

Oppression upheld as wife failed to pay bank loan after death of her husband using owned co. funds

CL: Where petitioner's husband and respondent No. 2 having formed respondent-company, took a loan from bank, in view of failure of respondent No. 2 to repay said loan out of available funds of company after demise of petitioner's husband, a case for oppression and mismanagement was made out against respondent No. 2 in conducting affairs of respondent-company


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