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TMI Blog2017 (12) TMI 1140X X X X Extracts X X X X X X X X Extracts X X X X ..... ere duly transferred. It further noticed the stand taken by the respondents that in terms and conditions of the Memorandum of Understanding between some of the appellants (Petitioners Nos. 2 and 3), the appellants (Petitioners Nos. 2 and 3) ceased to be the Directors. For the said reason, their appointment were not confirmed in the EOGM. Taking into consideration the aforesaid fact, the Tribunal r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eal has been preferred by the appellants/ petitioners against order dated 14th September, 2017 passed by the National Company Law Tribunal, Bengaluru Bench (hereinafter referred to as Tribunal ) in I.A. No. 80/2017 in C.P. No. 44/2017, whereby and whereunder the interim relief sought for by the appellants/petitioners has been rejected. 2. An Interlocutory Application was also filed on behalf o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ect the respondents to conduct the Board s meetings and EOGM afresh from the date of induction of some of the appellants (Petitioners Nos. 2 and 3) on the Board of Directors of the Company i.e. 18th August, 2015, and to declare the EOGM, if any, held without intimation to the appellants, as illegal. 3. The Tribunal on hearing the parties, noticed that the Appellant/1st Petitioner Company is hol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etition should be decided expeditiously in the light of Section 422 of the Companies Act, 2013. In such case, the Tribunal will decide the case on merit after hearing the parties uninfluenced by the impugned order dated 14th September, 2017. 5. It is expected that the Tribunal will decide the main Company Petition No. 44 of 2017 within two months without granting unnecessary adjournments to the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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