Shanita Holdings Sdn vs Shanita Hotel Trichy Pvt. Limited on 13 February, 2009
In the decision SHRI PREM SETH V. NATIONAL INDUSTRIAL CORPORATION LTD., AIR 1994 DELHI 285, it is held that 'the Directors of the Company act in fiduciary capacity and if they in their discretion decide to issue shares for the purposes of raising the funds, the only question for decision is whether the issuance of the shares for the purpose of raising funds is in the interest of the Company.'