In 2016, 34 plaintiffs filed a suit against Uber Kenya Limited. Their claim? Uber’s group of companies had violated an online contract signed by drivers in Kenya. The High Court of Kenya has finally issued its ruling on the issue this week highlighting growing contradictions between faraway multinational tech companies and the growth of Kenya’s tech industry.
MCA moves NCLT against former management of CG Power
SECTIONS
Share
Synopsis
In 2019, the board of CG Power & Industrial Solutions had to restate its earnings after finding suspected fraudulent transactions by its chairman and few confidantes had removed its chairman Gautam Thapar alleging misappropriation of funds. Thapar refuted the allegations and claimed he had repaid Rs 4,000 crore to many lenders since 2015.
Getty Images
The Ministry of Corporate Affairs (MCA) has approached the Mumbai bench of the National Company Law Tribunal (NCLT) against the erstwhile management Avantha Group-owned CG Power & Industrial Solutions seeking its intervention to recover the money that “the erstwhile management had allegedly collected and seeking to distribute it to the victim of fraud”. Power equipment major CG Power did not comment. Gautam Thapar former CG chairman too did not respond to a mail from ET.
To embed, copy and paste the code into your website or blog:
Welcome back to the Bar Exam Toolbox podcast! In today s episode, we re talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited from engaging in.
In this episode, we discuss:
>A review of the rule for duty of loyalty
>The four types of prohibited conduct when the officer s interest is placed before that of the corporation
>The situations in which a conflict of See more +
Welcome back to the Bar Exam Toolbox podcast! In today s episode, we re talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited from engaging in.
To embed, copy and paste the code into your website or blog:
Welcome back to the Law School Toolbox podcast! In today s episode, we re talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited to engage in.
In this episode we discuss:
>A review of the rule for duty of loyalty
>The four types of prohibited conduct when the officer s interest is placed before that of the corporation
>The situations in which a conflict of interest See more +
Welcome back to the Law School Toolbox podcast! In today s episode, we re talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited to engage in.
Nonprofit briefs: Navigating the corporate veil chronicleonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicleonline.com Daily Mail and Mail on Sunday newspapers.