Search Results for "Mismanagement"

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Bombay High Court Allows Employee's Appeal and Dismisses Employer's Appeal in Service Dispute - Restoration of Principal Upheld. College Tribunal's order quashing demotion and restoring employee as Principal with full back wages confirmed by Single Judge and Division Bench.

The case involves two Letters Patent Appeals arising from a judgment of a Single Judge of the Bombay High Court in Writ Petition No. 2236 of 1999. The...

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High Court of Bombay at Goa Dismisses Appeal Against CLB Consent Order in Company Oppression Case — Parties Bound by Consensus. Consent order for share buyout under Sections 397-398 of Companies Act, 1956 cannot be challenged by consenting party.

The case involves an appeal filed by Shalby Limited and others against an order dated 25.04.2016 passed by the Company Law Board (CLB), New Delhi Benc...

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Bombay High Court Dismisses Appeal in Derivative Suit Challenging Sale of Shares by Company Management. Minority Shareholders' Challenge to Sale of Bajaj Hindustan Ltd Shares Fails as Court Finds No Prima Facie Case of Fraud or Mismanagement.

The appellants, minority shareholders of Bachharaj & Company Pvt Ltd, filed a derivative suit challenging the proposed sale of 3,46,96,250 shares of B...

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Bombay High Court Allows Appeal Against Rejection of Plaint in Company Fraud Case. Civil Court Jurisdiction Not Barred Under Section 10GB of Companies Act, 1956 for Fraud Allegations.

The appellants, M/s. Candolim Developers Pvt. Ltd. and its director Sunil Thukral, filed a suit before the Civil Judge Senior Division, Panaji, seekin...

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Bombay High Court Dismisses Petition Seeking FIR Registration in Investment Dispute — Civil Nature of Complaint Upheld. Court held that the dispute involving alleged misappropriation of funds by company directors was primarily civil in nature, and the police's closure of enquiry was justified.

The petitioner, M/s. Fairwinds Asset Managers Ltd., acting as fund manager for Reliance Alternative Investments Fund – Private Equity Scheme I (RAIF...

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Bombay High Court Orders Removal of Executors for Mismanagement of Estate in Testamentary Succession Case. Executors Invested Estate Funds in Unauthorized High-Risk Deposit with Friend's Company, Breaching Fiduciary Duty.

The case concerns a petition filed by Ramesh Jairamdas Jaising, a beneficiary under the last Will and Testament of Ms. Jaiwantiben Jairam Jaising (dec...

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Bombay High Court Upholds Removal of Office Bearers in Co-operative Housing Society Dispute. Registrar's Order Under Section 75(5) of Maharashtra Co-operative Societies Act, 1960 Confirmed for Mismanagement and Non-Compliance.

The petitioners, Gaurav K. Desai and Smt. Shailaja Shetty along with Shri Jitendra Tandav, were ex-office bearers of respondent no.6, Sion Kamgar Co-o...