2020 (11) TMI 985

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.... - -<br>Corporate Laws<br>HON'BLE MR. AJAY KUMAR VATSAVAYI, MEMBER (JUDICIAL) AND HON'BLE MR. RAGHU NAYYAR, MEMBER (TECHNICAL) For the Petitioners : Mr. Arun Kathpalia, Senior Advocate, Mr. Yellop Singh, Advocate, Dr. Ajay Murdia, Petitioner, Mr. Anand Chhibbar, Senior Advocate, Mr. Swapnil Khatri, Advocate, Mr. Bhrigu Sharma. Advocate, Mr. Amitabh Tewari, Advocate, Mr. Akarsh Mathur, Advocate ....

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.... under:- S. No. Name of Shareholders No. of Equity Shares % Shareholding 1 Kshitiz Murdia 2,85,00,000 19% 2 Nitiz Murdia 2,85,00,000 19% 3. &nbsp;Ajay Murdia 15,00,000 1% 4. Ashish Lodha 1,95,00,000 13% 5. &nbsp;Manish Khatri 1,95,00,000 13% 6. TA Asia Pacific Acquisitions Limited 5,25,00,000 35% &nbsp; Total....

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....odha and Shri Manish Khatri, inter alia, also prayed for declaring the Board Meeting dated 07.11.2020 of the Company, wherein they were removed from the position of Head of Finance and Head of Operations, respectively of the respondent No.1-company, as invalid, illegal and not binding. Shri Ashish Lodha and Shri Manish Khatri also filed IA No.385/JPR/2020 in CP No.164/241-242/JPR/2020, seeking sta....

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....on of friction for long time between the two groups will definitely be against the interests of the company. Hence, the CPs are required to be decided finally at the earliest. 9. In view of the levelling of allegations and counter allegations of very serious nature by both sides, it is necessary to examine the same in detail, after giving opportunity to both sides to complete their pleadings. T....