https://www.taxtmi.com/caselaws?id=426083 A requisitioning shareholder who satisfies the statutory shareholding and procedural requirements may call and hold an extraordinary general meeting if the board fails to do so, and resolutions passed at that meeting are validly acted upon. The shareholder agreement and articles of association also supported the relevant corporate rights. An interim injunction restraining implementation of such resolutions is not ordinarily available unless there is a prima facie finding that acting on them would prejudice the public interest or the company at large; no such finding was recorded, so the restraint was unsustainable. The appeal succeeded and the injunction was set aside. en-us Tue, 02 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426083 A requisitioning shareholder who satisfies the statutory shareholding and procedural requirements may call and hold an extraordinary general meeting if the board fails to do so, and resolutions passed at that meeting are validly acted upon. The shareholder agreement and articles of association also supported the relevant corporate rights. An interim injunction restraining implementation of such resolutions is not ordinarily available unless there is a prima facie finding that acting on them would prejudice the public interest or the company at large; no such finding was recorded, so the restraint was unsustainable. The appeal succeeded and the injunction was set aside. Case-Laws Insolvency and Bankruptcy Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426083