2019 (4) TMI 2075 - HC - Insolvency and Bankruptcy

Seeking restraint on respondent no.2 from accepting or admitting Form DIR 12 or any other forms - Illegal termination of the petitioner (whole-time director of the respondent no.4-Company) - HELD THAT - Counsel for respondent no.4, who appears on advance notice, admitted that the petitioner is a Director as on date and there is no process started for removing him as a whole time Director from respondent no.4 company. Since the petition is at pre mature stage, the same is not maintainable and dismissed accordingly. Petition dismissed.

Summary

The petitioner sought to restrain respondent no.2 from accepting Form DIR 12 or any other forms filed by respondent no.4 company after the petitioner's alleged illegal termination. Respondent no.4 confirmed petitioner's current director status and stated proper procedures would be followed if removal was considered in the future. The petition was dismissed as premature.