https://www.taxtmi.com/caselaws?id=103015 The teak plantation scheme was found to be an unfair trade practice because the brochure and related assurances were materially misleading about investor protection and the scale of the land available. The Commission noted that the insurance covered only input costs and did not safeguard investors against plantation risks such as pests and drought, and that the land secured for the scheme was only about two acres, which was inadequate for the represented plantation and buffer stock arrangement. By projecting a remunerative venture while concealing these limitations, the respondent misled prospective investors. The scheme was therefore treated as an unfair trade practice under the Monopolies and Restrictive Trade Practices Act, 1969, and a cease-and-desist direction followed. en-us Tue, 21 Nov 1995 00:00:00 +0530 Tue, 02 Apr 2019 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103015 The teak plantation scheme was found to be an unfair trade practice because the brochure and related assurances were materially misleading about investor protection and the scale of the land available. The Commission noted that the insurance covered only input costs and did not safeguard investors against plantation risks such as pests and drought, and that the land secured for the scheme was only about two acres, which was inadequate for the represented plantation and buffer stock arrangement. By projecting a remunerative venture while concealing these limitations, the respondent misled prospective investors. The scheme was therefore treated as an unfair trade practice under the Monopolies and Restrictive Trade Practices Act, 1969, and a cease-and-desist direction followed. Case-Laws Companies Law Tue, 21 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103015