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deprive Lytton of 25 per cent of the benefit, and even though he subsequently took 12 students, this did not make CTC's actions no longer unfair. His shares should be purchased at a fair value, the date of which should be the date of the petition as if the students removed by Lytton had remained with the company.
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held that although CA 1980 section 75 did not say anything about clean hands, and there was no requirement that it be just and equitable to grant relief, it could be considered in the extent of the award made. Here, the breakdown was due to CTC's decision to take the
American contract for itself and
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course to the other 75 per cent shareholder, a company called CTC Ltd, without any benefit to the company. Mr Lytton told his students that he would be setting up a new college. He was dismissed as a teacher. He managed to get 12 students to follow him.
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Mr
Charles Lytton, a teacher, director and 25 per cent shareholder in the London School of Electronics Ltd which taught electronics courses, alleged that two other directors had acted in an oppressive manner under the
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section 994). Mr Lytton had been dismissed as a director. He then found out that the other directors had agreed with an
American university to recognise a
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202:Southern Foundries (1926) Ltd v Shirlaw
51:Ch 211, 3 WLR 474, (1985) 1 BCC 99394
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318:Ebrahimi v Westbourne Galleries Ltd
84:Re London School of Electronics Ltd
24:Re London School of Electronics Ltd
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250:Estmanco v Greater London Council
226:Greenhalgh v Arderne Cinemas Ltd
425:1985 in United Kingdom case law
415:United Kingdom company case law
352:Re London School of Electronics
285:Profinance Trust SA v Gladstone
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330:Re Bird Precision Bellows Ltd
274:Johnson v Gore Wood & Co
420:High Court of Justice cases
238:Wallersteiner v Moir (No 2)
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171:Minority protection cases
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262:Smith v Croft (No 2)
108:section 75 (now the
341:Insolvency Act 1986
214:Edwards v Halliwell
16:UK company law case
364:O’Neill v Phillips
295:Companies Act 2006
179:Companies Act 2006
114:Companies Act 2006
106:Companies Act 1980
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80:
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193:(1843) 67 ER 189
190:Foss v Harbottle
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110:unfair prejudice
93:unfair prejudice
91:case concerning
76:Derivative claim
56:Court membership
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217:2 All ER 1064
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87:Ch 211 is a
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343:s 122(1)(g)
409:Categories
397:References
297:ss 994-996
181:ss 260-264
112:remedy in
42:High Court
309:2 Ch 426
137:See also
130:Nourse J
125:Judgment
71:Keywords
65:Nourse J
48:Citation
253:1 WLR 2
355:Ch 211
333:Ch 658
321:AC 360
265:Ch 114
241:QB 373
229:Ch 286
205:AC 701
392:Notes
99:Facts
38:Court
373:see
118:BSc
411::
95:.
164:e
157:t
150:v
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