Arbitral Tribunal") and further restraining the petitioners from initiating any derivative action on behalf of the Company against Tamil Nadu Electricity Board ("TNEB ... meanwhile, the petitioners, being minority shareholders, have initiated a "derivative action" against TNEB invoking the arbitration clause contained in the PPA by filing
this case
it was held that shareholders cannot maintain derivative actions. It must be
reiterated that the Appellant herein has preferred the present appeal ... Insolvency proceedings have been initiated can then seek to maintain a
derivative action and sabotage a valid CIRP initiated by the Adjudicating
Authority.
Company Appeal
this case
it was held that shareholders cannot maintain derivative actions. It must be
reiterated that the Appellant herein has preferred the present appeal ... Insolvency proceedings have been initiated can then seek to maintain a
derivative action and sabotage a valid CIRP initiated by the Adjudicating
Authority.
Company Appeal
this case
it was held that shareholders cannot maintain derivative actions. It must be
reiterated that the Appellant herein has preferred the present appeal ... Insolvency proceedings have been initiated can then seek to maintain a
derivative action and sabotage a valid CIRP initiated by the Adjudicating
Authority.
Company Appeal
this case
it was held that shareholders cannot maintain derivative actions. It must be
reiterated that the Appellant herein has preferred the present appeal ... Insolvency proceedings have been initiated can then seek to maintain a
derivative action and sabotage a valid CIRP initiated by the Adjudicating
Authority.
Company Appeal
redress for the wrong if any done to Umang, and a
derivative action by plaintiff, as a majority shareholder,
for the benefit of Umang would ... Godfroy, [1986] 3 All ER 279, which
was a case of derivative action on behalf of a
"deadlock company" i.e. Articles
herein, are only shareholders and by law shareholders cannot maintain
derivative actions. Learned Counsel for the 1st Respondent assailed the
conduct of the 'Appellants ... authority to represent the 'Corporate
Debtor' and therefore, no derivative actions can be initiated by the
shareholders being non maintainable. Elaborating the legal
Hemant D. Vakil And Ors. vs Rdi Print And Publishing Pvt. Ltd. And ... on 21
action initiated in a petition under Sections 397 / 398 is a derivative action, a shareholder can challenge even acts that occurred before he acquired shares ... petitioner to challenge past acts by means of a derivative action has been judicially recognized in Singapore. In interpreting Section 216(1)(a) of Singapore
through the instant
Appeal, the Appellants are trying to take a derivative action on behalf of the
Company and the Respondent no. 3, to file ... without any authority to do so. He further
submitted that a derivative action cannot be taken by the Appellants to file
the instant Appeal, being
