Relief for company mismanagement: members may seek Tribunal orders to stop or prevent conduct prejudicial to company interests. Members may apply to the Tribunal where the affairs of the company are being conducted in a manner prejudicial to the interests of the company, or where a material change in management, control or ownership has occurred or is likely to occur that would likely result in such prejudicial conduct. If the Tribunal is of that opinion it may make such order as it thinks fit to bring to an end or to prevent the matters complained of or apprehended.
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.
Relief for company mismanagement: members may seek Tribunal orders to stop or prevent conduct prejudicial to company interests.
Members may apply to the Tribunal where the affairs of the company are being conducted in a manner prejudicial to the interests of the company, or where a material change in management, control or ownership has occurred or is likely to occur that would likely result in such prejudicial conduct. If the Tribunal is of that opinion it may make such order as it thinks fit to bring to an end or to prevent the matters complained of or apprehended.
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