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Director liable to pay to company undue gains realised from breach of duties: Delhi HC
Case Law Details
- Case Name
- Rajeev Saumitra Vs Neetu Singh & Ors (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Rajeev Saumitra Vs Neetu Singh & Ors (Delhi High Court)
In a significant ruling on January 27, 2016, the Delhi High Court, in the case of Rajeev Saumitra vs Neetu Singh & Ors, addressed crucial aspects of a director’s fiduciary duties under the Companies Act, 2013 and the maintainability of a derivative action by a shareholder. The case, arising from a dispute between estranged spouses who were equal partners in a coaching business, provided clarity on seeking recourse against a director for breaches of duty, particularly in closely held companies.
The case, formally cited as I.A...
