If a holding company sells goods to a subsidiary at higher price than at market. And if the holding company looses its control over the subsidiary company by sale of share.
can the new management of subsidiary company file a case against the holding company for selling goods at Higher price amounting to loss.
is there any case law to support the same. ??
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Replies (1)
In What Reason Will you File A Suit? Selling at Higher Price is NOT Fraud. It is Business. The Transaction was Made Under A Contract and Contract has a Basis -Consent of Both the Parties.
if the Holding sold goods... that means there was contract.
and another thing.. You should have Surveyed for other suppliers.
Selling Goods/Providing Services at Higher Rate does Not Amount to Civil or Criminal Liability. no damages will be paid by Holding company
if the Holding sold goods... that means there was contract.
and another thing.. You should have Surveyed for other suppliers.
Selling Goods/Providing Services at Higher Rate does Not Amount to Civil or Criminal Liability. no damages will be paid by Holding company
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