2007 (6) TMI 574

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.... Ltd., The Vijaya Leasing Ltd., The Vijaya Management Services Pvt. Ltd., Smt. Bellipadi Kalyani, Mrs. Vidya R. Rai, K.T. Alva, Satish Chandra Hegde B.T. Ravindranath Puna<br>Companies Law<br>2007 (6) TMI 574 - KARNATAKA HIGH COURT - TMI<br>KARNATAKA HIGH COURT - HC<br>Dated:- 6-6-2007<br>Company Application No. 352/2007 In Company Petition No. 35/1987 - -<br>Corporate Laws<br>-<br>Mr. Justice K.L....

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....rwise disposing of or dealing with the schedule property of. the company bearing T.S. No.168. of rat Ward, Balmatta Road, Mangalore-1, either by way of joint development or otherwise ana grant such other relief. According to the applicants, contrary to the objects of the company, agenda No. 6 would be discussed in the annual general meeting to be held on 8.6.2007 and in a clandestine manner the co....

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....ssion. Therefore, he requests the court to reject the application. 3. During the course of the arguments, it is brought to the notice of the court that applicants have .an apprehension that if the resolution is passed in the Annual General Meeting, directors of the company may in a clandestine manner deal with the property. for their benefit and not in the interest of shareholders. According to M....