Remote ERP access not to be denied to director without evidence of misuse

Arya Iron and Steel Co Pvt. Ltd. Vs Ravikumar Arya (NCLAT Delhi)

NCLAT Delhi held that remote access to ERP to directors being engaged in competing business cannot be denied unless there is tangible evidence of misuse of company information by such directors. Accordingly, appeal stand disposed.

Facts- The company is a private limited entity with a largest shareholder being Palm View Overseas Ltd (PVOL), which holds 49% of the shares and whereas Ravi Arya Group and Pawan Arya group, both rivals, each hold 5% shares. It is argued despite know

Please become a Premium member. If you are already a Premium member, login here to access the full content.