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Companies Law - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Oppression and mismanagement - the Applicants are seeking ...


Applicants' New Claims on Oppression & Mismanagement Deemed Vexatious; Tribunal Lacks Jurisdiction, Proper Legal Channels Needed.

November 18, 2022

Case Laws     Companies Law     AT

Oppression and mismanagement - the Applicants are seeking entirely new reliefs and the said reliefs are in the nature of fresh cause of action and completely out of the purview of this Tribunal - the `Application’ is an attempt of `vexatious act’, without approaching the `Proper Forum’, by exercising its jurisdiction as per `Law’. - AT

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