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    <title>1994 (3) TMI 334 - HIGH COURT OF KARNATAKA</title>
    <link>https://www.taxtmi.com/caselaws?id=103517</link>
    <description>Election of a company chairman under the Articles of Association was treated as valid where a majority of directors supported the appointment under Article 145. The nominated director&#039;s affirmative vote was not required under Article 146 because repeated retirement and shareholder re-election meant he was not a non-rotational director under Article 114. Although the joint venture and shareholders&#039; agreements were incorporated into the Articles and bound the company, the relevant parties had not exercised their right to appoint non-rotational directors. The appellants therefore failed to establish a prima facie case, balance of convenience, or irreparable injury for temporary injunctive relief.</description>
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    <pubDate>Wed, 30 Mar 1994 00:00:00 +0530</pubDate>
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      <title>1994 (3) TMI 334 - HIGH COURT OF KARNATAKA</title>
      <link>https://www.taxtmi.com/caselaws?id=103517</link>
      <description>Election of a company chairman under the Articles of Association was treated as valid where a majority of directors supported the appointment under Article 145. The nominated director&#039;s affirmative vote was not required under Article 146 because repeated retirement and shareholder re-election meant he was not a non-rotational director under Article 114. Although the joint venture and shareholders&#039; agreements were incorporated into the Articles and bound the company, the relevant parties had not exercised their right to appoint non-rotational directors. The appellants therefore failed to establish a prima facie case, balance of convenience, or irreparable injury for temporary injunctive relief.</description>
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      <pubDate>Wed, 30 Mar 1994 00:00:00 +0530</pubDate>
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