https://www.taxtmi.com/caselaws?id=758008 Delhi HC dismissed a petition challenging a three-month extension granted to hold the 40th Annual General Meeting for FY 2023-24. The court found that while the impugned order lacked detailed special reasons as required under Section 96, the extension request letter contained sufficient grounds. The court held that extension orders are routine unless tangible evidence shows ulterior motives or stakeholder detriment. Petitioners failed to demonstrate exceptional grounds warranting rejection and could have pursued remedies under Section 241 for alleged mismanagement through the Tribunal instead. en-us Fri, 30 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 16:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758008 Delhi HC dismissed a petition challenging a three-month extension granted to hold the 40th Annual General Meeting for FY 2023-24. The court found that while the impugned order lacked detailed special reasons as required under Section 96, the extension request letter contained sufficient grounds. The court held that extension orders are routine unless tangible evidence shows ulterior motives or stakeholder detriment. Petitioners failed to demonstrate exceptional grounds warranting rejection and could have pursued remedies under Section 241 for alleged mismanagement through the Tribunal instead. Case-Laws Companies Law Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758008