Madras HC Refuses Injunction as Shareholder Validly Requisitioned EGM

 S. Varadarajan Vs Venkateswara Solvent Extraction Private Limited (Madras High Court) In, the Madras High Court dismissed an application seeking interim injunction against holding an extraordinary general meeting (EGM) convened by a shareholder under Section 169 of the Companies Act, 1956. The applicant had challenged the validity of the EGM notice dated March 28, 1992, contending that the requisition notice did not contain a proper agenda, violated mandatory provisions of Section 169, and failed to comply with Section 284 regarding removal of the managing director. The dispute arose in the ...