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Shareholder/director dispute impacting company operations and statutory compliance. Parties agreed on appointing independent director to resolve deadlock, facilitate board meetings focused solely on legal/statutory obligations. Independent director granted statutory remuneration and casting vote. Appellate tribunal directed to appoint independent director within three days to urgently address non-compliance. Appeal disposed.
Shareholder/director dispute impacting company operations and statutory compliance. Parties agreed on appointing independent director to resolve deadlock, facilitate board meetings focused solely on legal/statutory obligations. Independent director granted statutory remuneration and casting vote. Appellate tribunal directed to appoint independent director within three days to urgently address non-compliance. Appeal disposed.
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