Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2018 (3) TMI 1927

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....;KULKARNI, JJ. Mr.V.A. Joshi i/b. M/s.Chitnis Vaithy & Co. for Petitioner in both Writ Petitions. Mr.Ashish Mehta with Ms.Surbhi Soni and Mr.Ojas Gole for Respondent Nos.1 & 2. ORDER The petitioners are challenging their disqualification as directors under Section 164(2) of the Co....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd Andhra Pradesh in case of Dr.Reddy's Research Foundation Vs. Ministry of Corporate Affairs Writ Petition No.32575 of 2017 . 3. By an order dated 22nd March 2018, a Division Bench of this Court (Shantanu S. Kemkar & M.S. Karnik, JJ) disposed of the identical petitions of this nature by granting certain reliefs to the petitioners. Paragraphs 8 and 9 of the said order read as under:­ "....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....siness for more than three years. It is pointed out that the petitioners are also the directors on the Board of other companies, which are active and functional. As the names of the petitioners were included in the impugned list of disqualified directors, their role as directors is impeded in so far as other companies are concerned which are active and running. Learned Counsel for the petitioners ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ts that these petitions may be disposed of by recording undertakings of the petitioners and with liberty to the respondents to resort to appropriate remedies as permissible in law. 6. The learned Counsel for the parties submit that the department is taking steps to file Special Leave Petition in respect of the order passed by this Court. 7. We have perused the record produced before us and the o....