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Clee Capital Pty Ltd v IOUpay Limited [2023] FCA 312

Clee Capital Pty Ltd v IOUpay Limited [2023] FCA 312

CORPORATIONS – interlocutory application seeking to restrain respondent from incurring liabilities or raising capital – allegations of oppressive conduct – where an extraordinary general meeting will be held concerning the removal of directors – where there has been a suspected fraud upon the company – where the injunctions sought could lead to the insolvency of the company – whether maladministration or failures of corporate governance are capable of amounting to oppression – where there is no serious question to be tried as to oppression – where the balance of convenience does not favour the grant of the injunctions sought – where the interlocutory relief sought does not correspond meaningfully with the final relief sought

 

Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2023/2023fca0312

For more information, see the original judgement.

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