https://www.taxtmi.com/caselaws?id=193963 The Calcutta High Court ruled in favor of the petitioner directors, declaring they would continue in their roles. The court mandated proper notice for board meetings and restricted voting rights for shares allotted on specific dates until further court decision. Both parties were permitted to invest more funds, held as share application money pending the High Court's ruling. The court criticized IDBI's involvement in management issues and maintained the status quo. The petition was disposed of without costs. en-us Fri, 29 Oct 1999 00:00:00 +0530 Thu, 24 Aug 2017 12:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193963 The Calcutta High Court ruled in favor of the petitioner directors, declaring they would continue in their roles. The court mandated proper notice for board meetings and restricted voting rights for shares allotted on specific dates until further court decision. Both parties were permitted to invest more funds, held as share application money pending the High Court's ruling. The court criticized IDBI's involvement in management issues and maintained the status quo. The petition was disposed of without costs. Case-Laws Companies Law Fri, 29 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193963