Wednesday, 5 March 2014

Respondent’s conduct of denying entry of business partner in premises and eying on major stake held

CL : Where petitioner and respondent funded company to set up business in proportion of 20:1 and entire investment was shown as share application money in balance sheet of company, conduct of respondent attempting to made their shareholding as 50 per cent in company and thereafter not allowing petitioner to enter into company's premises was not only oppressive and prejudicial to interest of petitioner but also reprehensible


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