directly interacting with officials of
the Tata Group Companies, (ii) Nominee Directors stepped out of a
meeting to take instructions from 2nd Respondent and 14th ... Director of 1st
Respondent Company and a Director on the Board of the Tata Group
Companies as a nominee of 1st Respondent Company
Tribunal it is observed that out of four directors of
the Board of Directors, two directors are nominated by
respondent ... body
corporate whose managing Director was also a Director of the First
Respondent and the other Directors nominated by the Appellant also advices
Company Appeal
business.
Appellant stated that the integrity and character of the nominee director was
questioned as well as oppression by 2nd to 7th Respondent had commenced ... remove a director under
this section, the company shall forthwith send a copy thereof
to the director concerned, and the director, whether
placed as a Director,
the same way these nominee Directors can be removed. They
have been nominated by way of some understanding and
Articles ... Association. It is stated that nominee Directors have
nothing to do with shareholding. If it was a family Company,
one of the members
corporate debtor is corporate debtor Yogesh Bafna the
a director and holds is Director of directors of the
along with his Respondent No.3 Corporate ... directors or manager, on directions or Yogesh Bafna the
in the ordinary course instructions of a directors of the
of business, acts on director, partner
Board of Respondent Company
persons as Chairman, Managing Director, Finance Director and Nominee
Directors of its choice. The only right which remained with these
Respondents ... Board of Directors styled
"Management Team" comprising of the Chairman,
Vice Chairman, Managing Director, Director
Finance, Nominated Director
company (which
majority shall include at least 1 (one) MSM Nominee Director (to
the extent he / she has not been removed in accordance with these ... Nominee Directors', in Nov'2021,
the `Board of Directors' of the `1st Respondent Company', consists of
only one `Director
existing
Directors who are Sakthi Groups/ABT Nominees from the SACL Board and
appointing Additional Aapico Nominee Directors in accordance with articles.
13. The SACL ... existing Directors, who are
Sakthi Group/ABT Nominee from the SACL Board and appoint additional
Aapico Nominee Director in accordance with the Articles. (Page
existing
Directors who are Sakthi Groups/ABT Nominees from the SACL Board and
appointing Additional Aapico Nominee Directors in accordance with articles.
13. The SACL ... existing Directors, who are
Sakthi Group/ABT Nominee from the SACL Board and appoint additional
Aapico Nominee Director in accordance with the Articles. (Page
Board of Director to file voluntarily liquidation of the Company with an
affirmative vote of at least one Director nominee of the Appellants. The
Board ... KHAIRATABAD, HYDEREABAD - 500 004.
DIRECTORS PRESENT:
1. Dr. G. Ganga Raju Chairman
2. Sri Bhadru Malloth, ITS Director (Nominee
