https://www.taxtmi.com/caselaws?id=194864 The judgment resolves issues of breach of fiduciary duties, name usage, deadlock in company affairs, and alleged misappropriation of profits. The 2nd respondent is found to have breached fiduciary duties by diverting business opportunities and misappropriating profits. A solution to the deadlock involves dividing assets between the Sippy and Puri Groups. An independent valuer is appointed to assess share values, and the 2nd respondent is directed to pay interest on the misappropriated amount. The petitions are disposed of with these directions, maintaining the status quo until valuation is completed. en-us Wed, 29 Oct 2003 00:00:00 +0530 Tue, 03 Oct 2017 17:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194864 The judgment resolves issues of breach of fiduciary duties, name usage, deadlock in company affairs, and alleged misappropriation of profits. The 2nd respondent is found to have breached fiduciary duties by diverting business opportunities and misappropriating profits. A solution to the deadlock involves dividing assets between the Sippy and Puri Groups. An independent valuer is appointed to assess share values, and the 2nd respondent is directed to pay interest on the misappropriated amount. The petitions are disposed of with these directions, maintaining the status quo until valuation is completed. Case-Laws Companies Law Wed, 29 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194864