Ceylon Cold Stores Ltd. v. Whitall Boustead Ltd. – sllr 1980 volume 2 page 120

The case between Ceylon Cold Stores Ltd. and Whittall Boustead Ltd. concerned whether an interim injunction should be granted to restrain the exercise of voting rights on certain shares, based on alleged misrepresentation in the registration process. It was held that the petitioner failed to establish the requisite prima facie case under Section 54(1)(b) of the Judicature Act, as the exercise of voting rights by the respondent would not materially affect the petitioner’s rights or business interests. The principle was reaffirmed that the grant of interim injunctions requires demonstration of a serious question to be tried and a favorable balance of convenience, as established in authorities such as Jinadasa v. Weerasinghe and Preston v. Luck. The court’s determination emphasized that inter