Shareholder's Interim Relief Denied: Conduct Breach Undermines Equitable Intervention in Corporate Governance Dispute

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....NCLAT rejected the appellant's interim relief application in an oppression and mismanagement dispute. The tribunal declined to grant an interim order restraining the proposed extraordinary general meeting, finding the appellant's conduct prima facie breached a service contract. The court emphasized that interim relief is a discretionary remedy contingent upon establishing a prima facie case, and the appellant's actions did not merit equitable intervention. The tribunal's decision was grounded in the principle that interlocutory orders are not mandatory and can be withheld based on the applicant's conduct. Consequently, the appeal was deemed misconceived and summarily dismissed.....