Victory in disputes is still a loss!
In India, a billion people encourage each other to get into disputes, or if already in one, fuel it to the fullest! Because it’s the people who benefit the most from your disputes, more than you! If not monetarily, entertainment and gossips for sure! After my 4 years long family business dispute, I learnt a few lessons which I expect people to refrain from. If you ever make someone a Director in your company, ensure you have his resignation and board approvals signed prior to appointment. Laws and NCLT are almost impossible to convince removal of any director without his own willingness, especially once in dispute. If you can avoid making someone a shareholder and a director, nothing is better than giving them a good, well defined position and role. The first thing these directors and shareholders can do is move to NCLT filing the most common ‘Mismanagement and misappropriation of company’ petition, which would go on for years, simultaneously damaging your company everyday...