https://www.taxtmi.com/caselaws?id=367873 The Court dismissed the suit, ruling that no injunction could be granted to prevent the holding of an Extraordinary General Meeting (EGM). It held that majority shareholders have the authority to appoint and remove directors, which cannot be restrained by injunction. The Court emphasized that the Articles of Association are subordinate to the Companies Act, allowing for the removal of directors by majority shareholders. Therefore, the suit was deemed not maintainable and was dismissed, including all pending applications. en-us Mon, 24 Sep 2018 00:00:00 +0530 Thu, 27 Sep 2018 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367873 The Court dismissed the suit, ruling that no injunction could be granted to prevent the holding of an Extraordinary General Meeting (EGM). It held that majority shareholders have the authority to appoint and remove directors, which cannot be restrained by injunction. The Court emphasized that the Articles of Association are subordinate to the Companies Act, allowing for the removal of directors by majority shareholders. Therefore, the suit was deemed not maintainable and was dismissed, including all pending applications. Case-Laws Companies Law Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367873