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 resolutions passed by the board of directors of M/s. Kasturi and Sons Ltd., held on April 18, 2011 and the notice dated April 21, 2011, calling for an extraordinary general meeting on May 20, 2011. 2. In the petition filed, the following interim reliefs were claimed : “(1)  To stay the resolutions passed at th...