https://www.taxtmi.com/caselaws?id=213398 The High Court upheld the Company Law Board's decision to allow Ranbaxy to convene an EGM to appoint its nominee directors on Zenotech's board and dismissed the appellants' application to maintain the status quo. The court found that the CLB's order was justified given the serious disputes between the parties and the need to regulate Zenotech's affairs in the best interest of the company. The appeals were dismissed, and the decisions taken in the EGM were to be subject to the final outcome of the pending company petitions. en-us Fri, 25 Feb 2011 00:00:00 +0530 Tue, 16 Sep 2014 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213398 The High Court upheld the Company Law Board's decision to allow Ranbaxy to convene an EGM to appoint its nominee directors on Zenotech's board and dismissed the appellants' application to maintain the status quo. The court found that the CLB's order was justified given the serious disputes between the parties and the need to regulate Zenotech's affairs in the best interest of the company. The appeals were dismissed, and the decisions taken in the EGM were to be subject to the final outcome of the pending company petitions. Case-Laws Companies Law Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213398