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2021 (1) TMI 107 - NATIONAL COMPANY LAW TRIBUNAL , MUMBAI BENCHSeeking grant of injunction on the holding of the EGM - power to appoint Directors and the power to regulate them by passing a resolution for removal - HELD THAT:- There were several prayers by the applicants in this matter. Representation was made by the counsels on behalf of Respondents 07 and 09. Accordingly, this Bench makes the following observations: 1. The prayer of the applicants that this bench should grant injunction on the holding of the EGM cannot be granted because it is not in the jurisdiction of the courts to grant such relief. Therefore, we do not intend to stop the EGM which is going to be held tomorrow i.e. on 07.08.2020. 2. Also, the prayer sought by the applicant that the director should not be removed can also not be granted as the Companies Act itself makes it clear that the power to remove the director is inherent and is a corporate decision which is correctly stated by the counsel for the Respondent No. 07. The applicants also mention their fear that they may be removed in the meeting scheduled for tomorrow. But we would like to mention here that even if this happens, they can at any time make representation for restoration to that effect according to the provisions of law. Application dismissed.
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