Status quo pending reserved judgment: existing position before the challenged EOGM was kept in place until decision.

Status quo was directed to be maintained as it existed before the EOGM dated 03.05.2019 until delivery of the reserved judgment, because the appeal challenging that EOGM decision had been heard over several dates and the tribunal considered preservation of the existing position necessary in view of the scheduled e-voting for the AGM.

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Issues: Whether status quo as prevailing prior to the EOGM dated 03.05.2019 should be maintained until delivery of the reserved judgment.

Analysis: The order records that the appeal had been heard continuously on several dates, that the judgment was reserved, and that delivery would take some time. In view of the scheduled e-voting for the AGM and the fact that the EOGM decision dated 03.05.2019 was under challenge in the appeal, the Tribunal considered it appropriate to preserve the existing position till pronouncement of judgment.

Outcome: Status quo directed to be maintained as it existed prior to the EOGM dated 03.05.2019 until the judgment is delivered.

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