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    <title>2010 (9) TMI 922 - COMPANY LAW BOARD, KOLKATA BENCH</title>
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    <description>A disputed will does not confer representational capacity on a claimant until probate is obtained, so the deceased respondent could not be represented as legal representative on that basis. A corporate office cannot pass by succession: the sole surviving director could not, without a valid board resolution or reconstituted board, represent the company or control its affairs. Where a closely held company is deadlocked and allegations of diversion of funds and breach of fiduciary duty are raised, interim neutral management may be ordered to protect the company pending disposal of the main petition, and a special officer may be appointed for that purpose.</description>
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    <pubDate>Thu, 23 Sep 2010 00:00:00 +0530</pubDate>
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      <description>A disputed will does not confer representational capacity on a claimant until probate is obtained, so the deceased respondent could not be represented as legal representative on that basis. A corporate office cannot pass by succession: the sole surviving director could not, without a valid board resolution or reconstituted board, represent the company or control its affairs. Where a closely held company is deadlocked and allegations of diversion of funds and breach of fiduciary duty are raised, interim neutral management may be ordered to protect the company pending disposal of the main petition, and a special officer may be appointed for that purpose.</description>
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