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Companies Law - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Oppression and mismanagement - siphoning off of funds - Non ...


Petitioner's claims of fraud and mismanagement against company dismissed due to lack of evidence. No member status confirmed.

May 7, 2020

Case Laws     Companies Law     Tri

Oppression and mismanagement - siphoning off of funds - Non payment of taxes - The petitioner admittedly is not a member - The question is whether the business of the respondent-company is being conducted in any fraudulent manner. - The petitioner has not established any fraud in the course of business carried out by the respondent-company.

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