Karnataka HC Upholds Director Removal Process as Section 284 Operates Independently

Karnataka Bank Ltd. Vs A.B. Datar (Karnataka High Court) In, the Karnataka High Court considered appeals filed by Karnataka Bank Ltd. against interim injunction orders restraining the bank from giving effect to resolutions passed at its sixty-eighth annual general meeting held on October 29, 1992. The dispute arose after certain shareholders issued special notices under Section 284 of the Companies Act, 1956, proposing resolutions for removal of directors, including A.B. Datar and Dr. Ravishankar Adiga. The bank notified the concerned directors and published the notices in newspapers under Sec...