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Oppression and mismanagement remedy: members and government can apply to tribunal to seek orders protecting company and members. A member who alleges that company affairs are being conducted prejudicial to public interest, oppressive to members, or prejudicial to company interests, or that a material change in management or control likely will cause such prejudice, may apply to the Tribunal for relief if entitled under section 244. The Central Government may also apply to the Tribunal when it deems company affairs prejudicial to public interest.
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.
<h1>Oppression and mismanagement remedy: members and government can apply to tribunal to seek orders protecting company and members.</h1> A member who alleges that company affairs are being conducted prejudicial to public interest, oppressive to members, or prejudicial to company interests, or that a material change in management or control likely will cause such prejudice, may apply to the Tribunal for relief if entitled under section 244. The Central Government may also apply to the Tribunal when it deems company affairs prejudicial to public interest.
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