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2011 (6) TMI 671 - HC - Companies LawHUF - a special resolution to allot the premises No.3, Ratendone Road, New Delhi to Sh. Hansraj Gupta, Director and Chairman of the company or to any other officer, as the Board may determine from time to time free of costs Charges for residence purpose. The premises 3 Ratendone shall be maintained by the company at its cost and rent, House Tax, Electricity, water charges, Telephone facility, while washing, repairs, sanitary installation and fitting shall be borne by the company. The company shall also maintain the lawn and gardens at its cost - Disclosure of interest by - However, by a resolution dated 9-10-2000, appellant was removed from post of CEO - A resolution dated 12-1-2002 was passed by board of directors of respondent-company whereby a decision was taken to surrender tenancy of said property to its owner - Appellants filed suit in question challenging validity of above resolution - Appellants contended that respondents had interest in property being coparceners of HUF which was owner thereof and as directors of company and they failed to disclose their interest in terms of section 299.
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