2021 (7) TMI 1290

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..... made prima facie case for grant of interim stay of resolution passed in EOGM dated 31.05.2021. It is observed that Respondent No.2 has acted ultra vires of the powers conferred under Articles of Association. Therefore, this Bench is of the considered view that the implementation of the Resolutions passed in the board meetings on 12.03.2021, 31.03.2021, 06.05.2021 31.05.2021 have also been con .....

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..... kash Dhawad and Dr. Prashant Krishnarao Lahane, shall not liable to retire. The clause is incorporate hereunder: Clause 26 The first Directors appointed by the Articles of Association shall not be liable to retire. However, they shall hold office until they resign or cease to hold office on account of death/incapacitation or otherwise become disqualified to hold such office in accordance with .....

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..... of the Resolutions passed in the board meetings on 12.03.2021, 31.03.2021, 06.05.2021 31.05.2021 have also been consequently stayed pending final disposal of the Company Petition. 5. Counsel for the Respondent is directed to file reply within six weeks as sought by him by duly serving the copy to the other sides. The Petitioner is directed to file rejoinder, if any, within 2 weeks thereafter .....

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