Notice issued in dispute over Board removal & shareholding changes, meeting outcome stayed.

The Bombay HC issued a notice for a returnable date regarding a dispute over the removal of a petitioner from a company's Board of Directorship. The petitioner's concerns about shareholding pattern changes were addressed, and the outcome of the meeting was stayed pending the next hearing.

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The Bombay High Court heard a case where the National Law Company Tribunal was unable to address a dispute regarding the removal of a petitioner from the Board of Directorship of a company. The petitioner feared a change in shareholding pattern leading to minority status. A notice was issued for a returnable date of 26-9-2018, and the outcome of the meeting was not to be implemented until the next hearing.

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