https://www.taxtmi.com/caselaws?id=457295 The Delhi HC held that a civil suit for perpetual injunction against directors for misusing company name and goodwill was maintainable, rejecting defendants' argument that NCLT was the appropriate forum. Despite conflicting precedents, the court relied on Ahmed Abdulla Ahmad Al Ghuriar (SC) which recognized derivative actions in civil courts as exceptions. The court issued summons and granted interim relief, directing defendant not to use "HI TECH" as trade name in future bids until next hearing, considering plaintiff's prior business use. en-us Mon, 10 Jan 2022 00:00:00 +0530 Sun, 15 Sep 2024 01:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457295 The Delhi HC held that a civil suit for perpetual injunction against directors for misusing company name and goodwill was maintainable, rejecting defendants' argument that NCLT was the appropriate forum. Despite conflicting precedents, the court relied on Ahmed Abdulla Ahmad Al Ghuriar (SC) which recognized derivative actions in civil courts as exceptions. The court issued summons and granted interim relief, directing defendant not to use "HI TECH" as trade name in future bids until next hearing, considering plaintiff's prior business use. Case-Laws Companies Law Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457295