The appellant challenged an order dated 27.09.2024 passed by the Tribunal in CP No.47/241/HDB/2023 under Section 421 of the Companies Act, 2013. The challenged order was interlocutory, granting interim protection to the respondents and directing the tentative Annual General Meeting (AGM) scheduled for 27.09.2024 to be kept on hold. The appellant contended that the Tribunal selectively decided IA No. 283/2024 without adjudicating IA No. 282/2024 first, which sought the appointment of an independent person or advocate commissioner for holding the AGM.
Mr. Venkata Shiva Prasad Devulapalli and Mr. M. Sai Sudhakar filed an appeal against M. Chandra Sekhar Rao and others, including M/S Polygon Regractories Private Limited. The appeal challenged an interim order passed by the Tribunal in CP No.47/241/HDB/2023, which suspended the Annual General Meeting (AGM) scheduled for 27.09.2024. The appellants argued that the Tribunal should have decided IA No. 282/2024, which sought the appointment of an independent person or advocate commissioner for the AGM, before deciding IA No. 283/2024, which led to the suspension of the AGM. The earlier order of 14.09.2023 was cited as a precedent for appointing an advocate commissioner. The core issue revolves around the appealability of an interlocutory order and the sequence in which
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The appellant challenged an order dated 27.09.2024 passed by the Tribunal in CP No.47/241/HDB/2023 under Section 421 of the Companies Act, 2013. The challenged order was interlocutory, granting interim protection to the respondents and directing the tentative Annual General Meeting (AGM) scheduled for 27.09.2024 to be kept on hold. The appellant contended that the Tribunal selectively decided IA No. 283/2024 without adjudicating IA No. 282/2024 first, which sought the appointment of an independent person or advocate commissioner for holding the AGM.
Mr. Venkata Shiva Prasad Devulapalli and Mr. M. Sai Sudhakar filed an appeal against M. Chandra Sekhar Rao and others, including M/S Polygon Regractories Private Limited. The appeal challenged an interim order passed by the Tribunal in CP No.47/241/HDB/2023, which suspended the Annual General Meeting (AGM) scheduled for 27.09.2024. The appellants argued that the Tribunal should have decided IA No. 282/2024, which sought the appointment of an independent person or advocate commissioner for the AGM, before deciding IA No. 283/2024, which led to the suspension of the AGM. The earlier order of 14.09.2023 was cited as a precedent for appointing an advocate commissioner. The core issue revolves around the appealability of an interlocutory order and the sequence in which
…Tribunal passes an order appointing an…
Proceedings initiated…
Sign in to view related legal provisions.