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Companies Law - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

The CLB has, under the garb of doing substantial justice, ...


CLB grants respondents veto power over company matters u/s 402, risking operational paralysis in pursuit of justice.

May 23, 2013

Case Laws     Companies Law     HC

The CLB has, under the garb of doing substantial justice, granted extreme directions under Section 402, enabling the Respondents to achieve indirectly a virtual veto right on all issues and the ability to paralyze the functioning of the Company - HC

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