Seneviratne v. Seneviratne and Another – sllr 1982 volume 2 page 421

In the case between Seneviratne (petitioner) and Seneviratne and Another (respondents), the Supreme Court addressed whether a winding up order was justified due to an irreparable deadlock and management breakdown in Kadirana Mills Ltd., a company owned by three shareholder brothers. The issue included whether it was appropriate to order one shareholder to purchase the shares of others instead of winding up, considering the Companies Ordinance and the company’s Articles of Association. After the District Court initially ordered winding up and the Court of Appeal reversed this, the Supreme Court ultimately held that, in light of compelling evidence of deadlock and resulting adverse impacts on all members, a winding up order represented the only just and equitable remedy. The Supreme Court re