Negotiation back‟ is a process under which an endorsee comes again into possession of the instrument in his own right. Where a bill is re-endorsed to a previous endorser, he has no remedy against the intermediate parties
In this Audio discussion, we will discuss two case laws, BOI Finance Ltd vs. Custodian & ors and Bhagwati Developers Pvt Ltd vs. Peerless General Finance & Investment Company Limited and Anr:
Rule in Foss v Harbottle is a leading English precedent in corporate law. According to this rule, the shareholders have no separate cause of action in law for any wrongs which may have been inflicted upon a corporation. The rule is named after the 1843 case in which it was developed.