Nagi v Nagi and another

Company – Unfair prejudice petition. The effect of an order made in respect of an unfair prejudice petition was that the beneficial interest in the shares in the second respondent company vested in the first respondent, and the beneficial interest in the relevant properties vested in the petitioner. The Companies Court so ruled in granting declarations sought by the respondents to the petition, who had argued that, in the same way that the beneficial interest under a specifically performable contract passed to a purchaser, there was a similar effect where a court order provided for property to be transferred to a party.

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