Mitsui and Company Ltd. v. Amerasekera and Another – sllr 1992 volume 1 page 029

In the case between Mitsui and Company Ltd. (shareholder plaintiff-respondent of Hotel Developers (Lanka) Ltd.) and Amerasekera and others, the court addressed whether injunctive relief was properly granted in the context of disputed company dealings, specifically involving the locus standi of a shareholder to bring a derivative action concerning alleged fraudulent acts in payment for building works. It was held that the plaintiff had established a prima facie case sufficient to merit injunctive relief and that questions regarding a shareholder’s capacity to bring a derivative action under the Companies Act, when supported by English law precedents, were appropriate for appellate determination. This decision reaffirmed the principle that substantive inquiries into corporate misfeasance and