Ahmedabad: National Companies Law Tribunal, Ahmedabad has held the appointment of Sanjay Bhandari and Mukesh Bhandari as Director of All ELECTROTHERM India Ltd until March 17. The appointment of Sanjay Bhandari as an additional director of the Board has been postponed too, in accordance with the temporary order of the tribunal.
NCLT's order came after the petition was submitted by Siddharth Bhandari, son of Mukesh Bhandari, challenging the agenda of the council meeting which will be held on Thursday, which includes the removal of Uncle Sanjay.
"One of these agendas regarding the holders of the Nomination and Remuneration Committee for the appointment of Sanjay Bhandari as an additional director and director all the time for a period of three years," the message said.
Another agenda is to appoint Mukesh Bhandari as the Board Director all the time, he said.
The court questioned the credibility, services and feasibility of Sanjay Bhandari and stated that there was no documentary evidence or other material provided to prove the feasibility of Sanjay for the appointment on the ship.
"The Petitioner mainly accused that there was no Sanjay Bhandari credentials that had been brought in the record. We also found that there were no ingredients, in fact, there was only one letter that had been circulated by the chairman of the proposition had been given even in the email, no mentioned about credentials and feasibility / suitability in the appointment or qualification on the appointment or qualification.. "
NCLT Bench has also lived in Mukesh Bhandari, founder of the company and current non-executive director, as a director all the time and improves all cases to hear further on March 17.
Showing posts with label Contraband. Show all posts
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Saturday, 27 January 2018
DAILY LEGAL UPDATES IMPORTANT DECISIONS (25.Jan.2018)
DAILY LEGAL UPDATES IMPORTANT DECISIONS
(25.01.2018)
Agreement to sell -
Not containing recital of delivery of possession - Not compulsorily registrable. (2017(1) Civil Court Cases 130 (P&H)Consumer -
Written statement - To be filed within 30 days of receipt of copy of complaint - Extension of 15 days can be granted but not beyond that. (2016(1) Apex Court Judgments 022 (S.C.)Contraband -
Mentioning of FIR number, Provision of law, at the top of consent memo and dissent memo - Fortifies contention of accused that these documents were prepared at later stage either in the police station or after recovery was affected - It points to falsity of case of prosecution - Accused acquitted. (2017(4) Criminal Court Cases 727 (P&H)Default bail
- Presentation of challan during pendency of application seeking default bail, does not take away the right of default bail. (2014(1) Criminal Court Cases 353 (P&H)Dishonour of cheque
- Cheque issued towards payment of banned chit fund business running without any license - Accused, is not liable as said liability or debt is not legally recoverable debt. (2016(1) Criminal Court Cases 262 (P&H)Dishonour of cheque - Loan - Proof of required funds to advance money has to be proved. (2014(1) Apex Court Judgments 020 (S.C.)
Investigation
- When Magistrate comes to conclusion that on facts no cognizable offence is made out, he can opt not to send complaint to police authorities for registration of case. (2017(4) Criminal Court Cases 861 (P&H)Judgment on admission
- Categorical admissions - Litigation should not be permitted to linger on. (2016(1) Civil Court Cases 308 (Delhi)
Recall of summoning order
- Magistrate has no power to review its own order. (2014(1) Apex Court Judgments 132 (S.C.)
Rejection of plaint
- Expression `barred by any law' - `Law' includes judicial decisions of the Apex Court. (2017(3) Apex Court Judgments 764 (S.C.)

