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Oppression & Mismanagement Petition Rejected Due to Dispute Being Purely Contractual & Arbitrable

Case Law Details

Case Name
Eros International Media Ltd. Vs Colour Yellow Productions Private Limited & Ors. (NCLT Mumbai)
Date of Judgement/Order
Only available for paid members
Courts
NCLT
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Eros International Media Ltd. Vs Colour Yellow Productions Private Limited & Ors. (NCLT Mumbai) The matter before the National Company Law Tribunal (NCLT), Mumbai, arose from a company petition alleging oppression and mismanagement under Sections 241–242 of the Companies Act, 2013. The petitioner, having acquired 50% shareholding in the respondent company under a Term Sheet dated 22 January 2014, alleged that the respondents had breached contractual obligations, mismanaged company affairs, diverted funds, undertaken related party transactions without approval, and excluded the petitioner...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 17,753

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