https://www.taxtmi.com/caselaws?id=109320 The appeal challenged ex parte directions by the Company Law Board to supersede the Board of Directors of a bank, appointing a committee to function as the Board until a decision is made on the application filed by the Central Government. The Company Law Board's actions were upheld as legal, allowing the appointed committee to operate until the Annual General Meeting, which was directed to be promptly held. The Board was restricted from making significant decisions, and the Central Government's application was to be considered following due process. en-us Wed, 31 Dec 2003 00:00:00 +0530 Sat, 07 Apr 2012 18:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109320 The appeal challenged ex parte directions by the Company Law Board to supersede the Board of Directors of a bank, appointing a committee to function as the Board until a decision is made on the application filed by the Central Government. The Company Law Board's actions were upheld as legal, allowing the appointed committee to operate until the Annual General Meeting, which was directed to be promptly held. The Board was restricted from making significant decisions, and the Central Government's application was to be considered following due process. Case-Laws Companies Law Wed, 31 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109320