https://www.taxtmi.com/caselaws?id=113543 Statutory remedies for oppression and mismanagement under the Companies Act, 1956 may impliedly exclude civil-court jurisdiction where a shareholder grievance challenges a majority decision of the company, although contractual rights outside that scheme may remain enforceable. Shareholders whose proposed share transfers are directly affected are necessary parties where effective declaratory, mandatory or prohibitory relief is sought. An interlocutory injunction requires a prima facie maintainable suit and an order capable of operating against affected persons. Pre-emptive rights under articles of association may be conditional rather than absolute where transfer procedures and exceptions for outsider transfers apply; enforceable contractual pre-emption may require specific-performance relief. en-us Wed, 02 Dec 2009 00:00:00 +0530 Fri, 18 Apr 2014 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113543 Statutory remedies for oppression and mismanagement under the Companies Act, 1956 may impliedly exclude civil-court jurisdiction where a shareholder grievance challenges a majority decision of the company, although contractual rights outside that scheme may remain enforceable. Shareholders whose proposed share transfers are directly affected are necessary parties where effective declaratory, mandatory or prohibitory relief is sought. An interlocutory injunction requires a prima facie maintainable suit and an order capable of operating against affected persons. Pre-emptive rights under articles of association may be conditional rather than absolute where transfer procedures and exceptions for outsider transfers apply; enforceable contractual pre-emption may require specific-performance relief. Case-Laws Companies Law Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113543