WHY THE INSTITUTIONAL NOMINEE DIRECTORS WAS ALSO BOOKED FOR PROMOTOR’S FRAUD BY MADRAS HIGH COURT?
The Madras High Court refused to
prematurely dismiss nominee non-executive directors (representing institutional
investors like CDC) from the liability suit.
However, the High Court did vacate the interim
asset-freezing orders previously placed on these specific nominee directors due
to a lack of direct operational culpability in the SFIO report.
#R V SEKAR FCS, LLB 79047 19295,
No comments:
Post a Comment