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1.2 In the meanwhile, the extraordinary general meeting was duly held and as many as 36 members took part in the meeting, out of whom members holding 5359 shares voted for the resolutions for removal of the respondents 2 to 4, as directors and appointment of petitioners 2 to 5 as directors of the Company, while members holding 1459 shares voted against the resolutions. The Chairman of the meeting deposited with the CLB, the proceedings together with scrutineer's report, original proxy forms, ballot papers etc., which remain under custody of the CLB. The newly constituted board by a majority of the shareholders could not exercise their rights in accordance with law for the purpose of managing the affairs of the Company, especially when the Company is presently not being managed by a duly constituted board. Consequently, some of the minority shareholders are acting detrimental to the interest of the Company by initiating false proceedings before the Debts Recovery Tribunal and obtaining exparte orders, which are against the interest of the Company. In view of the restraint order dated 14.12.2006, the new board is prohibited from representing before the DRT.