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Companies Law - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Qualification/disqualification of some of the independent Board ...

Companies Law

September 9, 2020

Qualification/disqualification of some of the independent Board of Directors - misappropriation of funds - infact the dispute is a family dispute. The Board of Directors comprises of petitioner's father, his uncle, nephew etc. and viewed from that angle it appears that the platform under Article 226 of the Constitution of India is sought to be used for settling the family scores. Therefore also this court would not exercise the extra ordinary jurisdiction for the purpose. - HC

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