9911796707
TMI Blog2020 (12) TMI 760X X X X Extracts X X X X X X X X Extracts X X X X ..... AGMs to be held on 11.12.2020 cannot be granted. However, the respondents are directed that the decisions/resolutions/business taken in the ensuing AGMs be kept in abeyance until further orders. It is made clear that respondents are at liberty to take recourse to avail the benefit of Companies Fresh Start Scheme 2020 if such a course is necessary. Application disposed off. - IA/212/KOB/2020 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt actions by the above Respondents in managing the affairs of the Company. It was also alleged that the Company had only two directors, viz: the Petitioner and the 2nd Respondent and the continuing of R3 and R4 as directors of the R1 Company subsequent to 30.9.2015 was illegal and, they have been infused into the Board of Directors as additional directors and not elected at the next ensuing AGM a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for 11th, 12th, 13th and 14th AGMs are at 10.30 am, 11 am, 11.30 am and 12 noon respectively. While the venue of 12th AGM is at the Registered office of the Company at Edappally, the venue for other AGMs are at Abad Plaz Hotel, Kochi. The applicant submitted that there were no other documents attached to the email. He has also not received any other notice or document through post. The applicant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are to be conducted on 11.12.2020. 9. Learned counsel for the Petitioner argued that the conduct of the Respondents are totally illegal. The RoC has also specifically pointed out the illegalities committed by the Respondents. The four AGMS on the same date without much time gap are scheduled by the Respondents with an intention that the members cannot be attended the AGMs. 10. On the other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y be kept pending. 12. I have heard both the parties. Upon hearing of the parties and on perusal of the materials on record, this Tribunal is of the opinion that the relief to stay the AGMs to be held on 11.12.2020 cannot be granted. However, the respondents are directed that the decisions/resolutions/business taken in the ensuing AGMs be kept in abeyance until further orders. It is made clear ..... X X X X Extracts X X X X X X X X Extracts X X X X
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