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Action by affected persons

I have attached a example question below, my question is that it's well known that N cannot bring an action for rescission of the contract for buying shares from M on the grounds of mis-statement made in the prospectus but, can N file a suit on M for the act done by him.

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IMG_20210315_164110.jpg


lithish kumar

lithish kumar

CA Inter

1K+

15-Mar-21 16:44

19

Answers (1)

Best Answer

No, N can't sue even M.


Sahibdeep Singh

Sahibdeep Singh

Moderator

15-Mar-21 17:25