https://www.taxtmi.com/caselaws?id=444998 Bombay HC disposed of application regarding share transfer disputes and corporate governance issues. Court held that EOGM cannot be restrained as it constitutes corporate democracy, with interference only permitted for procedural violations. However, HC granted limited relief by restraining Arcadia from making decisions that could compromise Hexagon's interests, specifically prohibiting consent for handing over possession of two mortgaged flats in DRT proceedings involving Kotak Mahindra Bank. Court balanced shareholders' rights with protection of minority interests in corporate control disputes. en-us Thu, 12 Oct 2023 00:00:00 +0530 Fri, 27 Oct 2023 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444998 Bombay HC disposed of application regarding share transfer disputes and corporate governance issues. Court held that EOGM cannot be restrained as it constitutes corporate democracy, with interference only permitted for procedural violations. However, HC granted limited relief by restraining Arcadia from making decisions that could compromise Hexagon's interests, specifically prohibiting consent for handing over possession of two mortgaged flats in DRT proceedings involving Kotak Mahindra Bank. Court balanced shareholders' rights with protection of minority interests in corporate control disputes. Case-Laws Companies Law Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444998