Prevention of oppression: remedies available when company affairs are oppressive or prejudicial to public interest. Members entitled to apply may seek relief where company affairs are being conducted oppressively or prejudicially to public interest. If the tribunal finds oppression and that winding up would unfairly prejudice members although just-and-equitable winding up would otherwise lie, it may make appropriate orders to end the oppression. Similarly, where affairs are or are likely to be conducted prejudicially because of mismanagement or a material change in control, the tribunal may issue orders to prevent or stop such mismanagement.
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.
Prevention of oppression: remedies available when company affairs are oppressive or prejudicial to public interest.
Members entitled to apply may seek relief where company affairs are being conducted oppressively or prejudicially to public interest. If the tribunal finds oppression and that winding up would unfairly prejudice members although just-and-equitable winding up would otherwise lie, it may make appropriate orders to end the oppression. Similarly, where affairs are or are likely to be conducted prejudicially because of mismanagement or a material change in control, the tribunal may issue orders to prevent or stop such mismanagement.
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