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    Companies Law

    Oppression and Mismanagement - allegation of renting the...

    Tribunal Reviews Mismanagement Allegations Over Premises Rental, Upholds Interim Order Despite Higher Income Potential as Banquet Hall.

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    Companies LawJune 19, 2019Case LawsAT

    Oppression and Mismanagement - allegation of renting the premises on rent which would fetch higher rent if used as banquet hall - tribunal granted permission to let out - after going to report of Chartered Accountant, it was find that monthly rent of the same premises is much more than annual amount generated by the Company by giving it rent for banquet purpose - no stay of interim order

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