https://www.taxtmi.com/caselaws?id=298596 A requisitioned shareholders' meeting cannot be used to force withdrawal of a pending scheme petition under section 391 once the statutory meetings have been properly held and the required majority has approved the scheme. At that stage, the company has a statutory duty to present the petition for sanction, and a later meeting aimed at stalling the court process is impermissible. The protective principles for requisitioned meetings under section 169 do not apply where the proposed resolution obstructs the court's jurisdiction under section 391 and no concrete alternative scheme is disclosed. The explanatory statement must also fairly disclose the proposal; a vague or misleading statement may justify restraint of the meeting. en-us Mon, 16 Aug 1982 00:00:00 +0530 Thu, 11 Nov 2021 14:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298596 A requisitioned shareholders' meeting cannot be used to force withdrawal of a pending scheme petition under section 391 once the statutory meetings have been properly held and the required majority has approved the scheme. At that stage, the company has a statutory duty to present the petition for sanction, and a later meeting aimed at stalling the court process is impermissible. The protective principles for requisitioned meetings under section 169 do not apply where the proposed resolution obstructs the court's jurisdiction under section 391 and no concrete alternative scheme is disclosed. The explanatory statement must also fairly disclose the proposal; a vague or misleading statement may justify restraint of the meeting. Case-Laws Companies Law Mon, 16 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298596