CLB cannot issue injunction in implementing decision to be taken by shareholders in meeting, unless decision is prejudicial to public interest or company at large.

HIGH COURT OF MADRAS

N. Ram v/s. N. Ravi

C.A.NOS. 6 & 7 OF 2011

JULY 1, 2011

JUDGMENT

1. Respondents Nos. 1 to 11 invoked the provisions of sections 397, 398, 402, 403, 404, 406 and Schedule XI read with section 9 of the Companies Act, 1956, to challenge the resoluti

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