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Companies Law - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Oppression and Mismanagement - POA in favour of the Bank to ...

Companies Law

May 31, 2019

Oppression and Mismanagement - POA in favour of the Bank to sell, transfer, assign, handover possession etc. to the property but Bank was unable to locate a best buyer - then Board Resolution was passed that if the guarantor repays the loan amount, the property and legal rights of company should be transferred to the guarantor - No offer was made by the appellant for purchase of property, earlier and subsequent offer would be of no use.

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