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    <title>1977 (6) TMI 74 - HIGH COURT OF KARNATAKA</title>
    <link>https://www.taxtmi.com/caselaws?id=99395</link>
    <description>An interlocutory injunction to restrain an annual general meeting was refused because the applicants did not establish that the balance of convenience and risk of irreparable injury justified stopping the meeting, and allegations of mala fides in the share allotment were left for trial rather than decided on affidavit evidence. To preserve fairness pending the company petition, the court directed that the meeting be presided over by an independent chairman and extended the time for depositing proxies. The court therefore declined interim restraint but issued protective directions for the conduct of the meeting while remaining interim prayers were pending.</description>
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    <pubDate>Wed, 22 Jun 1977 00:00:00 +0530</pubDate>
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      <title>1977 (6) TMI 74 - HIGH COURT OF KARNATAKA</title>
      <link>https://www.taxtmi.com/caselaws?id=99395</link>
      <description>An interlocutory injunction to restrain an annual general meeting was refused because the applicants did not establish that the balance of convenience and risk of irreparable injury justified stopping the meeting, and allegations of mala fides in the share allotment were left for trial rather than decided on affidavit evidence. To preserve fairness pending the company petition, the court directed that the meeting be presided over by an independent chairman and extended the time for depositing proxies. The court therefore declined interim restraint but issued protective directions for the conduct of the meeting while remaining interim prayers were pending.</description>
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      <pubDate>Wed, 22 Jun 1977 00:00:00 +0530</pubDate>
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