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How to immedately stop misusing assets of under dispute pvt.

Others 448 views 1 replies

 

The company ABC was found with capital from two brother 50-50%. Now one of brother who is managing Director ocuppied the factory, hire guards and not allow the other brother come into factory. This brother - managing Director had opened another company working in the same field and using all machines, materials of company ABC which is under dispute to do manufaturing for his own company.

Now what the other brother can do to stop IMMEDIATELY misusing machinery and materials according to law when he has no papers, document in his hand since he is not allowed to ascess the company premise. The managing Direstor also do forge signature and cook the book to make company ABC into bankcorrupt. EXPERT Please help. We need your advise!

Sincerely thanks.
Replies (1)

Dear Ng,

As per my knowledge in your case the second brother can move to the civil court and ask for injunction against the first brother in the matter. This will allow status quo to be maintained and the first brother can no more access the assets of the company.

Thanks & Regards

Amit Mishra

BSamrish & Co.


CCI Pro

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