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Appointment of Independent Chairperson in Company/Hospital Management The parties reached a consensus to appoint Mr. E. Selvaraj as the Independent Chairperson to manage the Company/Hospital until the disposal of the ...
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Appointment of Independent Chairperson in Company/Hospital Management
The parties reached a consensus to appoint Mr. E. Selvaraj as the Independent Chairperson to manage the Company/Hospital until the disposal of the Appeals. Mr. Selvaraj, a retired Additional Secretary of the Government of India, was authorized to appoint an accountant for company management, with remuneration to be determined by him. Mr. Selvaraj's monthly remuneration was set at Rs. 50,000, with additional expenses for Air Fare and Hotel Stay to be covered by the Company. The Interim Application (I.A.) No. 395 of 2021 was disposed of with these directions, and further orders were scheduled for related matters.
Issues: Appointment of Independent Chairperson for Company/Hospital Management
Analysis: The Appellants proposed a panel of names for the appointment of an Independent Chairperson, including individuals like Mr. K.R Shenoy, Mr. E. Selvaraj, and Mr. Millath. Respondent Nos. 1 and 3 submitted a separate panel with names like Mr. E. Selvaraj, Mr. Ibrahim Adoor, and Mr. B. N Hairsh. Respondent Nos. 2, 4, 6 & 7 also submitted a panel with similar names. As Mr. E. Selvaraj's name appeared in all panels, a consensus was sought regarding his appointment. All parties agreed to appoint Mr. E. Selvaraj, a retired Additional Secretary of the Government of India, as the Independent Chairperson to manage the Company/Hospital until the disposal of the Appeals. Mr. Selvaraj was given the authority to appoint an accountant to assist in company management, with the accountant's remuneration to be determined by Mr. Selvaraj.
Regarding remuneration, after considering submissions from all parties, it was decided that Mr. E. Selvaraj would receive a monthly remuneration of Rs. 50,000 along with expenses for Air Fare and Hotel Stay, to be borne by the Company. The parties were instructed to identify a suitable place of stay for Mr. Selvaraj's comfort and convenience.
Consequently, the Interim Application (I.A.) No. 395 of 2021 was disposed of with the provided directions. The matters were scheduled for orders on I.A. No. 2313 & 2314 of 2020 in CA (AT) No. 77 of 2019 on 13th July 2021.
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