'Oppressive' Conduct in Company Law: Burdensome Actions Excluding Inefficiency, Focus on Wrongful Authority Usurpation
In the context of company law, 'oppressive' conduct is defined as actions that are burdensome, harsh, and wrongful, excluding mere inefficiency or carelessness. It requires a continuing course of conduct at the time of petition hearing, affecting the petitioner as a member of the company. Remedies for oppression do not cover issues related to employment or directorship dismissals. The provisions address wrongful usurpation of authority, even if the company's affairs benefit financially. This definition is referenced in legal discussions, such as in the case involving a hospital company decided by the Supreme Court.
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