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NCLT should enforce valid Family Settlement Agreement for resolving family company disputes
Case Law Details
- Case Name
- C. Valli Narayan Vs C. Krishniah Chetty & Sons Private Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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C. Valli Narayan Vs C. Krishniah Chetty & Sons Private Limited (NCLAT Delhi)
NCLAT Delhi held that NCLT erred by not enforcing valid Family Settlement Agreement since such agreement is binding and enforceable for resolving family company disputes which involves oppression and management.
Facts- The Appellant A1 claims to be an 80-year-old oppressed member, shareholder and a non-whole-time Director of the R-1 Company (which has historically been a family run business. Since its inception, the R-1 Company has been managed like a quasi-partnership.R-1 acquired the assets and ...
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