https://www.taxtmi.com/caselaws?id=368808 A shareholder seeking derivative interim relief must establish a proximate, legally cognisable case for court intervention, not a speculative grievance based on projected shareholder voting or an indirect attempt to secure relief beyond the primary plaint. Here, the petitioner's negligible shareholding, the remoteness of the alleged harm, and the mismatch between the suit and the later demerger proposal meant no sufficient prima facie case was made out. The Court also treated the application as tainted by forum shopping and lack of clean hands. Interim relief was therefore refused and the interlocutory application was dismissed without costs. en-us Fri, 12 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368808 A shareholder seeking derivative interim relief must establish a proximate, legally cognisable case for court intervention, not a speculative grievance based on projected shareholder voting or an indirect attempt to secure relief beyond the primary plaint. Here, the petitioner's negligible shareholding, the remoteness of the alleged harm, and the mismatch between the suit and the later demerger proposal meant no sufficient prima facie case was made out. The Court also treated the application as tainted by forum shopping and lack of clean hands. Interim relief was therefore refused and the interlocutory application was dismissed without costs. Case-Laws Companies Law Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368808