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2000 (5) TMI 965 - SUPREME COURTAppellants’ notice of motion dismissed - Held that:- Appeal allowed. Neither appellant No. 1 nor respondent No. 1 shall preside in any of the meetings of the board of directors.The appointment of 12 additional directors cannot be sustained. Hence resolutions dated 8-11-1997 and 29-3-1997 and 17-4-1997 stand obliterated in view of the consent order dated 30-6-1997/ 2-7-1997. So far resolution dated 17-4-1997 for the induction of 57 life members, in view of our findings, they not be deemed to have been inducted on that date as member but their induction as such would be placed for consideration before the annual general meeting to be held later. Annual general meeting shall be held under the chairmanship of Mr. A.P. Kothari, Company Registrar, who shall expedite the holding of annual general meeting at a very early date, possibly within three months of this order being communicated to him.
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