https://www.taxtmi.com/caselaws?id=233453 Delhi HC set aside CLB's order invalidating appellant company's requisition for EOGM to reconstitute respondent company's board. Court held requisition dated 26-11-2010 was validly signed by company secretary with proper authorization, despite respondent's objections. CLB's fraud finding was unsustainable. Court declared requisition and subsequent EOGM as legal and valid, set aside five director appointments made by respondent's board on 22-3-2011. However, court restricted appellant's removal of three directors including CMD to prevent management takeover, requiring CLB permission. EOGM scheduled for 18-5-2011 was allowed but removal resolutions would need CLB approval. Retired judge appointed as interim board chairman. en-us Mon, 16 May 2011 00:00:00 +0530 Sat, 12 Jul 2025 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233453 Delhi HC set aside CLB's order invalidating appellant company's requisition for EOGM to reconstitute respondent company's board. Court held requisition dated 26-11-2010 was validly signed by company secretary with proper authorization, despite respondent's objections. CLB's fraud finding was unsustainable. Court declared requisition and subsequent EOGM as legal and valid, set aside five director appointments made by respondent's board on 22-3-2011. However, court restricted appellant's removal of three directors including CMD to prevent management takeover, requiring CLB permission. EOGM scheduled for 18-5-2011 was allowed but removal resolutions would need CLB approval. Retired judge appointed as interim board chairman. Case-Laws Companies Law Mon, 16 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233453