Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2017 (11) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (11) TMI 1801 - Tri - Companies LawJurisdiction - it is sought that Board of Directores of First respondent be superseded by a Committee constituted by this Hon'ble Board consisting of a nominee of the petitioner, a nominee of the respondent, and an Administrator/independent Director/ Specal Officer appointed by this Hon'ble Board to take charge over the management and affairs of the company in terms of a scheme of management and affairs of the compay in terms of the scheme of the management framed by this Hon'ble Board which would be in super-session of all agreements which purport to vest parties with rights in affairs of first respondent and of all books papers records and documents of the company as well as assets and its properties. Held that:- The Board of Directors is fully empowered to take the impugned action - The petitioner failed to make out any case so as to interfere in the issue by the Tribunal - the present petition liable to be dismissed.
|