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Patel v Patel and Others (C.A. 28/1982.) [1933] EACA 1 (1 January 1933)
The Court of Appeal allowed a trustee’s appeal and granted his release, holding that an irregular failure to fill committee vacancies did not justify refusal absent substantial injustice.
In the matter of a petition for reduction of share capital in Translink (U) Limited (Company Cause 2 of 2021) [2021] UGCommC 154 (22 April 2021)
The court found that the applicant company had complied with all statutory requirements for reduction of share capital under the Companies Act, 2012. The Articles of Association permitted such reduction, a unanimous special resolution was passed, and notice was duly published. No creditor objected to the reduction, and there was no evidence that creditors' interests would be prejudiced. The court was satisfied that the reduction was justified due to the disinvestment of Beverly Investments Ltd, which rendered the increased share capital unnecessary. Accordingly, the court granted the orders s…
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