Tagged “directors-duties”

2 articles on directors-duties.

Dale & Carrington Investment v. P.K. Prathapan: directors' fiduciary duty and allotment to gain control

The Supreme Court imported the 'proper purpose' rule into Indian company law, holding that an allotment engineered to reduce a majority shareholder to a minority is an invalid exercise of fiduciary power and an act of oppression.

Valkya Editorial·14 Jun 2026·8 min

Landmark JudgmentSupreme Court of India

Needle Industries v. Needle Industries Newey: oppression, rights issues and equitable justice

A three-judge bench refused a finding of oppression over a FERA-driven rights issue, but moulded an equitable money remedy — the foundational Indian statement of what 'oppression' means under company law.

Valkya Editorial·14 Jun 2026·8 min