Скачать или смотреть Director Role Denied: Assured, But Not Appointed – Is It Oppression?

Description:

#LegalInsights #ShareholderRights #Directorship #CompanyLaw #SupremeCourtRulings #OppressionAndMismanagement #LegitimateExpectation #BusinessLaw #ShareholderAgreements #CourtRuling #CorporateDisputes

In this video, we dive into the legal implications of being promised a directorship but not being appointed. Using the case of Shri V.S. Krishnan & Ors. vs. M/s Westfort Hi-Tech Hospital Ltd., we explore why the Supreme Court ruled that non-appointment, even after promises were made, doesn't always constitute oppression or mismanagement.

The case highlights the importance of clarity in shareholder agreements and the limits of 'legitimate expectation' theory.

Case Citation:

JUDGMENT CIVIL APPEAL NO. 1473 OF 2008 (Arising out of SLP (C) No.19882 OF 2006) WITH CIVIL APPEAL NO. 1474 OF 2008 (Arising out of S.L.P. (C) No. 20367/2006) Dr. P.P. Mohanan & Ors. .... Appellant (s) Versus M/s Westfort Hi-tech Hospital Ltd. & Ors. .... Respondent(s) AND CIVIL APPEAL NO. 1475 OF 2008 (Arising out of S.L.P.(C) No. 4673/2006) Shri V.S. Krishnan & Ors. .... Appellant (s) Versus M/s Westfort Hi-tech Hospital Ltd. & Ors. .... Respondent(s) AND CIVIL APPEAL NO. 1476 OF 2008 (Arising out of S.L.P. (C) No. 6688/2007) Shri V.S. Krishnan & Ors. .... Appellant (s) Versus M/s Westfort Hi-tech Hospital Ltd. & Ors. .... Respondent(s) P. Sathasivam, J.