Oppression and Mismanagement - Validity of the Lease Deed - ...

Lease Deed Voided by Tribunal for Violating Company Laws Despite Ongoing Civil Court Case; Jurisdiction Dispute Rejected.

April 13, 2024

Case Laws     Companies Law     AT

Oppression and Mismanagement - Validity of the Lease Deed - Doctrine of Res Sub-Judice - Appellants argued that the Tribunal overstepped its jurisdiction by setting aside the lease deed while its validity was under scrutiny in a civil court - The Tribunal found that the lease deed violated company laws and the company's Articles of Association. Despite the appellants' arguments regarding jurisdiction and ongoing civil proceedings, the Tribunal upheld its decision to set aside the lease deed, emphasizing the importance of compliance with company laws and protecting the company's interests.

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