Oppression remedy: tribunal may fashion orders where company conduct is oppressive and winding up would unfairly prejudice members. Any member may apply to the Tribunal alleging that the company's affairs are being conducted in a manner oppressive to any member or prejudicial to public interest, provided they have a right to apply under the companion provision. If the Tribunal finds oppression or prejudicial conduct and also that winding up would unfairly prejudice the affected members though facts might otherwise justify winding up on just and equitable grounds, it may make such order as it thinks fit to end the matters complained of.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Oppression remedy: tribunal may fashion orders where company conduct is oppressive and winding up would unfairly prejudice members.
Any member may apply to the Tribunal alleging that the company's affairs are being conducted in a manner oppressive to any member or prejudicial to public interest, provided they have a right to apply under the companion provision. If the Tribunal finds oppression or prejudicial conduct and also that winding up would unfairly prejudice the affected members though facts might otherwise justify winding up on just and equitable grounds, it may make such order as it thinks fit to end the matters complained of.
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