https://www.taxtmi.com/caselaws?id=101120 An ad interim injunction restraining a shareholder from exercising voting rights was held unsustainable after the Reserve Bank of India granted permission to treat the holder as a non-resident shareholder. The regulatory approval under foreign exchange law answered the immediate objection to the exercise of voting rights, and the continued exercise of that right for years without challenge weighed against restraint. As no irreparable injury was shown and the balance of convenience favoured allowing the shareholder to vote, the temporary injunction was discharged pending trial. en-us Thu, 24 May 1984 00:00:00 +0530 Wed, 08 Feb 2012 16:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101120 An ad interim injunction restraining a shareholder from exercising voting rights was held unsustainable after the Reserve Bank of India granted permission to treat the holder as a non-resident shareholder. The regulatory approval under foreign exchange law answered the immediate objection to the exercise of voting rights, and the continued exercise of that right for years without challenge weighed against restraint. As no irreparable injury was shown and the balance of convenience favoured allowing the shareholder to vote, the temporary injunction was discharged pending trial. Case-Laws Companies Law Thu, 24 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101120