ISSUE:
Whether the diversion of the Contship agency from SSTS to Seaworld amounted to a breach of fiduciary duty on the part of Puris as Directors as referable to Section 88 of the Indian Trust Act?
Whether the alleged conduct of Puris amounted to the oppression of Sippys within the meaning of Section 397 or that it led to mismanagement of SSTS and SSCO within the meaning of Section 398 of the Companies Act?
RULE:
The general rule to test the violation of this principle is to see the relation between the Company’s LOB and the opportunity’s relation to it and to see the scope of the company utilizing the opportunity.