The Weekly Law Reports
[1961] 1 WLR 493
[CHANCERY DIVISION.]
PARKE v. DAILY NEWS LTD. AND OTHERS.
[1961 P. No. 338.]
1961 Feb. 3.
Wilberforce J.
Company
— Powers
— Application of assets
— Proposed payments to former employees
— Whether payments gratuities
— Test
— Validity
— Action by shareholder
— Application for interim injunction
— No evidence by directors that payments in interest of company's business
— Whether prima facie case that proposed payments ultra vires.