In re Washington Special Opportunity Fund, Inc - Judgment
Company Law - Winding Up - Just and equitable ground - Loss of substratum - Amendment to Articles of Association consented to in class meetings by shareholders holding participating shares - Reasonable expectations of shareholders based on constitutional and offering documents. Oppression - Lack of probity and loss of confidence in management - Need for an investigation. Just and equitable winding up jurisdiction - Whether or not to wind up company on the just and equitable basis - Inference of law to be drawn from the facts existing at the time of the hearing Winding up of a company a drastic measure - Complaints in relation to matters of some antiquity - Whether equitable to wind up based upon complaints of past ills
| Cause Number | FSD 0151/2015 (IMJ) |
|---|---|
| Court | CIGC (FSD) |
| Judge | Mangatal J |
| Parties | In re Washington Special Opportunity Fund, Inc - Judgment |
| Judgment Date | 2016-03-01 |
| Subject | Company Law - Winding Up - Just and equitable ground - Loss of substratum - Amendment to Articles of Association consented to in class meetings by shareholders holding participating shares - Reasonable expectations of shareholders based on constitutional and offering documents. Oppression - Lack of probity and loss of confidence in management - Need for an investigation. Just and equitable winding up jurisdiction - Whether or not to wind up company on the just and equitable basis - Inference of law to be drawn from the facts existing at the time of the hearing Winding up of a company a drastic measure - Complaints in relation to matters of some antiquity - Whether equitable to wind up based upon complaints of past ills |
| Filename (current) | 16-03-01-Washington-Special-Opportunity-Fund-Inc.pdf |
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