How to immedately stop misusing assets of under dispute pvt.

435 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details