https://www.taxtmi.com/caselaws?id=105077 Statutory bank nominee directors appointed under the Banking Regulation Act had locus standi to challenge corporate resolutions affecting the bank's management because their authority remained intact and the impugned resolutions directly affected their statutory role. The Court also treated the alleged annual general meeting and later board meetings as prima facie invalid, citing defects in notice, venue disclosure and quorum, and held that the claimed additional directors were necessary parties for impleadment. Corporate acts founded on such irregular meetings were therefore vulnerable at the prima facie stage, while the challenge to the management changes was sustained. en-us Tue, 11 Jan 2000 00:00:00 +0530 Fri, 02 Mar 2012 13:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105077 Statutory bank nominee directors appointed under the Banking Regulation Act had locus standi to challenge corporate resolutions affecting the bank's management because their authority remained intact and the impugned resolutions directly affected their statutory role. The Court also treated the alleged annual general meeting and later board meetings as prima facie invalid, citing defects in notice, venue disclosure and quorum, and held that the claimed additional directors were necessary parties for impleadment. Corporate acts founded on such irregular meetings were therefore vulnerable at the prima facie stage, while the challenge to the management changes was sustained. Case-Laws Companies Law Tue, 11 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105077