Live Law

2020-12-16 10:13:18.0

  • Divan refers to Bombay Public Trust Act under which these trusts are registered and classifies the course of action. He argues on the misuse of AoA.

    "Misuse of Article 121 and 121A to demand pre-consultation and breach of fiduciary duties by directors on board, failure to act in their independent judgment and breach of standards of equity." 

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