https://www.taxtmi.com/caselaws?id=282575 The Federal Court upheld the decision of the Division Bench of the High Court, confirming that the company was properly impleaded as a plaintiff in the suit. It was determined that when directors act mala fide or beyond their powers, and their personal interests conflict with their duty, the majority of shareholders can sue in the company's name. The appeal was dismissed, affirming the decision of the High Court, with costs. en-us Thu, 22 Dec 1949 00:00:00 +0530 Tue, 13 Aug 2019 14:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282575 The Federal Court upheld the decision of the Division Bench of the High Court, confirming that the company was properly impleaded as a plaintiff in the suit. It was determined that when directors act mala fide or beyond their powers, and their personal interests conflict with their duty, the majority of shareholders can sue in the company's name. The appeal was dismissed, affirming the decision of the High Court, with costs. Case-Laws Indian Laws Thu, 22 Dec 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282575