None
RU
NCLT Stays Director’s Removal Pending Share Exit Under Settlement Agreement
['Author Info', 'Name', 'Qualification', 'Company', 'Location', 'Articles Published', 'View Full Profile', 'More Ca Sandeep Kanoi', 'August']
taxguruin
AdvertisementPrakash Kishanchandra Makhijani & Another Vs Ohm Encon Private Limited & Others (NCLT Ahmedabad) The application was filed under Sections 241 and 242 of the Companies Act, 2013 read with Rule 81 of the NCLT Rules, seeking urgent interim protection against the agenda placed before an Extraordinary General Meeting (EoGM) scheduled for 09.07.2026 for the removal of Petitioner No.1 as a director and for maintenance of status quo until the petition was heard.
The applicants submitted that they collectively held 45% shareholding in Respondent No.1 company.
They stated that a Memorandum of Ag...