https://www.taxtmi.com/caselaws?id=459356 The Gujarat HC held the suit maintainable despite respondents' objections regarding suspended voting rights, finding that directing plaintiffs to approach Company Law Board would be meaningless given their alleged lack of voting rights. The court granted interim relief, ruling plaintiffs had a prima facie case and would suffer irreparable loss if injunction was refused. The court rejected respondents' arguments about suppression of material facts and found no substance in arbitration clause contentions. Refusal of interim relief would render the civil suit infructuous and reward respondents for potentially unsustainable actions. Appeal was admitted for further consideration. en-us Thu, 19 Feb 2015 00:00:00 +0530 Tue, 10 Dec 2024 19:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459356 The Gujarat HC held the suit maintainable despite respondents' objections regarding suspended voting rights, finding that directing plaintiffs to approach Company Law Board would be meaningless given their alleged lack of voting rights. The court granted interim relief, ruling plaintiffs had a prima facie case and would suffer irreparable loss if injunction was refused. The court rejected respondents' arguments about suppression of material facts and found no substance in arbitration clause contentions. Refusal of interim relief would render the civil suit infructuous and reward respondents for potentially unsustainable actions. Appeal was admitted for further consideration. Case-Laws Companies Law Thu, 19 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459356