Status quo over board composition left undecided as Tribunal is asked to prioritise and expedite hearing of the company petition.

The appellate tribunal did not decide the merits of the interlocutory order maintaining status quo over the composition of the company's Board of Directors. By common concession, it instead requested the Tribunal to accord priority to the main Company Petition and all connected interlocutory applications, and to endeavour expeditious disposal, preferably within two months. A copy of the order was directed to be communicated to the Tribunal. The effect was purely procedural, focusing on accelerated hearing rather than substantive adjudication of interim relief.

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Outcome: The appeal was disposed of with a request to the Tribunal to accord priority to the company petition and connected interlocutory applications and to endeavour expeditious disposal, preferably within two months.

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