https://www.taxtmi.com/caselaws?id=103174 Interlocutory injunctions restraining directors or managers in board-managed companies require a prima facie showing that the challenged board action is ultra vires the Companies Act or the articles, together with a favourable balance of convenience. Corporate democracy and the board's management powers weigh against intervention where the applicant participated in, acquiesced in, or later accepted the disputed appointments or decisions. Restoration of alleged managerial powers is not justified on insufficient prima facie material. Corporate representation under section 187 permits a single representative and does not provide for joint representatives. The interim reliefs were dismissed. en-us Tue, 20 Apr 1993 00:00:00 +0530 Tue, 21 Feb 2012 12:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103174 Interlocutory injunctions restraining directors or managers in board-managed companies require a prima facie showing that the challenged board action is ultra vires the Companies Act or the articles, together with a favourable balance of convenience. Corporate democracy and the board's management powers weigh against intervention where the applicant participated in, acquiesced in, or later accepted the disputed appointments or decisions. Restoration of alleged managerial powers is not justified on insufficient prima facie material. Corporate representation under section 187 permits a single representative and does not provide for joint representatives. The interim reliefs were dismissed. Case-Laws Companies Law Tue, 20 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103174