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2021 (7) TMI 1290 - NATIONAL COMPANY LAW TRIBUNAL, MUMBAI.Validity of resolution passed in EOGM - petitioner was removed as Director, by the said resolution - HELD THAT:- The removal of directorship of the Petitioner is inconsistent with the restriction provided under the Articles of Association. Therefore, the Petitioner has 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 consequently stayed pending final disposal of the Company Petition - List this matter on 21.10.2021.
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