The principal of quasi partnership can be invoked in family companies and also applicable to public listed companies – Mr. Virendra R. Gandhi and Ors. Vs. Vadilal International Pvt. Ltd. and Ors. – NCLT Ahmedabad Bench
This judgment covers:
A. Family Dispute Settlement, B. Quasi Partnership, C. Oppression and mismanagement, D. Legitimate Expectations and E. Tribunal’s powers to order division of assets in an oppression and mismanagement petition.