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English law offers a framework of legal remedies where a company’s affairs are being conducted in a manner which is unfair to the interests of its shareholders. This includes the right for shareholders to petition the court for relief from unfair prejudice (under section 994 of the Companies Act). There is no prescribed list of “unfairly prejudicial conduct” and the court has a very wide discretion to order a remedy it considers appropriate for the situation. Indowind Energy raised Rs 48.30 crore from its shareholders through a rights issue, which was oversubscribed by 1.59 times. The raised funds will develop a 6 MW Solar Power Project in Tamil Nadu. Loyal Credit & Investments Limited subscribed to a significant portion. The new shares' listing is expected by August 20, 2024. Career