NCLAT Allows Jagran EOGM but Keeps Director Removal Resolutions in Abeyance

Jagran Prakashan Limited Vs Mahendra Mohan Gupta & Ors. (NCLAT Delhi) Companies Act, 2013 – Sections 10(1), 100, 113, 169, 178(2); SEBI (LODR) Regulations, 2015 – Regulations 17(1), 25(2A) – appeal against NCLT order permitting parties to proceed with requisitioned EOGM for removal of seven independent directors and one whole-time director, amidst pending disputes over Article 4.1 of the holding company’s Articles and Board resolutions concerning voting authority. Held that the questions regarding validity and effect of Article 4.1, resolution dated 14.07.2023, and related developm...