Thursday 24 September 2015

Directors' act of taking out of substratum of co. into the co. owned by them was oppression

CL : Since a fiduciary duty was cast upon directors of company who were also directors and shareholders of R6 to see that no loss was caused to company, taking out substratum of company by respondent-director into company owned by them, was nothing but oppression and mismanagement against petitioner

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