https://www.taxtmi.com/caselaws?id=102336 The court upheld the Government's power to remove the petitioner as a director and chairperson of the Economic Development Corporation, ruling that the Government, as the largest shareholder, had the authority to revoke the appointment. The court found that the removal was not arbitrary or mala fide, as there was adequate material supporting the decision. It was determined that the removal process did not violate principles of natural justice and did not require compliance with Section 284 of the Companies Act. The court held that the writ petition under Article 226 was not maintainable, as the matter was contractual in nature. Consequently, the court dismissed the writ petition, finding no merit in the petitioner's arguments. en-us Thu, 03 Sep 1992 00:00:00 +0530 Tue, 14 Feb 2012 15:18:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102336 The court upheld the Government's power to remove the petitioner as a director and chairperson of the Economic Development Corporation, ruling that the Government, as the largest shareholder, had the authority to revoke the appointment. The court found that the removal was not arbitrary or mala fide, as there was adequate material supporting the decision. It was determined that the removal process did not violate principles of natural justice and did not require compliance with Section 284 of the Companies Act. The court held that the writ petition under Article 226 was not maintainable, as the matter was contractual in nature. Consequently, the court dismissed the writ petition, finding no merit in the petitioner's arguments. Case-Laws Companies Law Thu, 03 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102336