https://www.taxtmi.com/caselaws?id=98097 The appeal was dismissed, affirming the lower court's decision that the action did not qualify for an exception to the rule in Foss v. Harbottle. The court found the claims of damage speculative and unsupported by the facts, and thus, the interests of justice did not require a departure from the established rule. The litigation was characterized as futile, given the company's state of paralysis due to internal discord. en-us Tue, 24 Mar 1964 00:00:00 +0530 Fri, 16 Feb 2018 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98097 The appeal was dismissed, affirming the lower court's decision that the action did not qualify for an exception to the rule in Foss v. Harbottle. The court found the claims of damage speculative and unsupported by the facts, and thus, the interests of justice did not require a departure from the established rule. The litigation was characterized as futile, given the company's state of paralysis due to internal discord. Case-Laws Companies Law Tue, 24 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98097