The case involves a Company Appeal (AT) No. 75 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. Old lane India Cyprus Fund II Ltd is the Appellant, and Rudradev Infopark Pvt Ltd & Ors are the Respondents. During the hearing, a consensus was reached where the Respondents agreed to convene the AGM by June 10th, 2019, including a nominee Director of the Appellant in the Agenda.
Old lane India Cyprus Fund II Ltd filed an appeal against Rudradev Infopark Pvt Ltd & Ors. The appeal was heard on May 14, 2019. During the hearing, a consensus emerged that the Respondents would convene the AGM by June 10, 2019, and include a nominee Director of the Appellant in the Agenda. This agreement led the court to dispose of the appeal, as the arrangement addressed the core issue. The court expressed its expectation that the Respondents would not create situations necessitating further directions regarding the AGM. The Respondents were also directed to take steps to withdraw their application seeking relief from the National Company Law Tribunal, which was identical to the relief sought in the appeal. The Appellant retains the right to approach the
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The case involves a Company Appeal (AT) No. 75 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. Old lane India Cyprus Fund II Ltd is the Appellant, and Rudradev Infopark Pvt Ltd & Ors are the Respondents. During the hearing, a consensus was reached where the Respondents agreed to convene the AGM by June 10th, 2019, including a nominee Director of the Appellant in the Agenda.
Old lane India Cyprus Fund II Ltd filed an appeal against Rudradev Infopark Pvt Ltd & Ors. The appeal was heard on May 14, 2019. During the hearing, a consensus emerged that the Respondents would convene the AGM by June 10, 2019, and include a nominee Director of the Appellant in the Agenda. This agreement led the court to dispose of the appeal, as the arrangement addressed the core issue. The court expressed its expectation that the Respondents would not create situations necessitating further directions regarding the AGM. The Respondents were also directed to take steps to withdraw their application seeking relief from the National Company Law Tribunal, which was identical to the relief sought in the appeal. The Appellant retains the right to approach the
…The court heard the…
Respondents…
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