https://www.taxtmi.com/caselaws?id=197823 A derivative action is available only where shareholders sue on behalf of a company to remedy a wrong done to the company within the Foss v. Harbottle exceptions. A plaint that instead seeks partition of company assets and other personal or family reliefs is internally inconsistent and cannot be maintained in derivative form, because such reliefs are not corporate claims. The suit was therefore treated as misconceived and not maintainable as framed, and interlocutory relief was refused with the interim orders vacated. en-us Wed, 06 Apr 2011 00:00:00 +0530 Tue, 16 Jan 2018 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197823 A derivative action is available only where shareholders sue on behalf of a company to remedy a wrong done to the company within the Foss v. Harbottle exceptions. A plaint that instead seeks partition of company assets and other personal or family reliefs is internally inconsistent and cannot be maintained in derivative form, because such reliefs are not corporate claims. The suit was therefore treated as misconceived and not maintainable as framed, and interlocutory relief was refused with the interim orders vacated. Case-Laws Companies Law Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197823