Lawstreet Journal

SLPs Filed by Birlas challenging Calcutta HC’s decision to make voting results of AGM public, dismissed by the Supreme Court

Lawstreet Journal 12 May 2020 6:47pm

Image courtesy: Lawstreet Journal Judiciary SLPs Filed by Birlas challenging Calcutta HC’s decision to make voting results of AGM public, dismissed by the Supreme Court

On Monday ( May 11th 2020) the Supreme Court dismissed the three special leave petitions filed by the Birlas challenging the decision of the Calcutta High Court’s decision to make public the voting results of the AGM of three M.P. Birla Group companies which also included the reappointment of their director Harsh V. Lodha and giving him share in profits besides others. 

The Supreme Court reiterating the order that a single judge court must determine if it has the jurisdiction in the first place stated, “We are not inclined to entertain the SLP under Article 136 of the Constitution of India. The SLPs are dismissed.” 

The apex court also asked a judge of the Calcutta High Court to decide upon the issue of jurisdiction, along with the applications for interim relief, and render a final determination thereof within a month. 

A Birla family member commenting on the same stated, “While the SLP moved before the Supreme Court was not entertained, the SC granted protection to the Birlas and directed that the results of the AGMs will be subject to the decision of the Single Judge.” 

The Supreme Court has further thrown a lifeline to the probate matter where the Birlas are contesting Priyamvada Devi Birla’s who would be made in favor of the Lodhas to control assets of the M.P. Birla Group. 

Commenting on the decision of the Supreme Court, Legal counsel to Lodha and partner at solicitor firm, Fox & Mondal, Debanjan Mandal remarked, “This verdict marks a major victory- the second one in… Continue Reading...

Tagged: calcutta high court  
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