MTC Secures Interim Injunction in High-Stakes Corporate Battle

Mohsin Tayebaly & Co. recently successfully represented a leading digital loyalty and discount platform operator before the High Court of Sindh at Karachi in a high-stakes corporate governance matter.

The petition, filed under Section 212 of the Companies Act, 2017, challenged the conduct of a director and minority shareholder. The Petitioner alleged that the director acted in breach of her fiduciary duties by disclosing confidential contractual information and attempting to undermine the Company’s strategic partnerships with major national and international financial institutions. The matter also involved allegations of conflict of interest involving collusion with a competing business entity.

On the first date of hearing, the High Court of Sindh was pleased to grant an interim restraining order against the Respondent Director, effectively preventing:

• Interference with the Petitioner’s business relationships and existing commercial arrangements.
• Unauthorized use or disclosure of the Company’s confidential information and trade secrets.
• Misrepresentation of the Respondent’s authority to act on behalf of the Company in any forum or to third parties.

This case underscores the stringent standards of integrity and undivided loyalty required of directors under the Companies Act.

MTC’s team in this matter was led by Sameer Tayebaly, Senior Associate, and included Nadia Mehek, Associate.