Partnership firm converted into private limited company in 2005
Directors of the company sold 49 % stake in 2008 and 51% stake in 2013.
In 2013 new directors entered in company and all old directors left the company.
Now the old directors, who left the company, are claiming rights over intangible assets ( trademark) stating the in the year 2005 when Partnership firm converted into private limited company, no intangible assets ( trademark) was transferred to company.
In fact , after conversion, company used intangible assets ( trademark) from 2005 to 2008.
Can old directors claim right over intangible assets ( trademark) of company?
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