ValkyaEditorial

Tagged “foss-v-harbottle”

1 article on foss-v-harbottle.

High CourtHigh Court of Delhi

Rajeev Saumitra v. Neetu Singh (2016): derivative action and the s.166 duty

The Delhi High Court held that a common-law derivative action survives in a deadlocked company under the wrongdoer-control exception to Foss v. Harbottle, and that a director who runs a competing business breaches the fiduciary duties codified in Section 166 of the Companies Act, 2013 and must account for the resulting gains.

Valkya Editorial··7 min