Delhi HC Stops Director Removal Process Due to Lack of Specific Reasons

Jai Kumar Arya & Ors Vs Chhaya Devi & Anr (Delhi High Court) Summary : In , the Delhi High Court examined an appeal against an interim order passed by a Single Judge restraining certain shareholders and directors of a company from acting upon notices and resolutions relating to the proposed removal of a director and managing director of the company. The dispute arose within the family controlling M/s Prabhat Zarda Factory (India) Pvt. Ltd., a company engaged in the manufacture of chewing tobacco products. The litigation revolved around attempts by some shareholders and directors to re...