Supreme Court of India

M/s. Dale and Carrington Invt. P. Ltd. and Another v. P.K. Prathapan and Others

Neutral citation
Bench Ruma Pal and Arun Kumar JJ.
Decided 13 September 2004

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

14 Supreme Court benches have cited this judgment.

From the headnote

Company law: Company affairs-Duties and power of Directors-Fiduciary capacity within which they have to act- "Proper-purpose doctrine" regarding duties­ Discussed. Private limited company-Act of oppression-Allotment of additional shares in favour of Managing Director resulting in majority shareholder being reduced to minority shareholder-Neither found in the interest of the company nor a proper and legal procedure followed-Motive for allotment found malafide, only motive being to gain control of the company-Clear case of oppression against majority shareholder-Hence, the allotment set aside.

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