Page 28 - Agm News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Delhi Nagrik Sahakari Bank, which is under SAF since 2015, registered a loss of Rs 13.24 crore in the 2022-23

"In view of the order of Hon'ble Supreme Court it is imperative for us to pass an order for suspending the Judgment of this court dated 13.10.2023 till this Appellate Tribunal is duly apprised of the fact that the result of the Annual General Meeting has been declared or subject to order/direction passed by the Hon'ble Supreme Court," said the NCLAT order.

Meanwhile, Aisling Maher,, Kieran Lillis, Damien Comer and Cora Staunton were elected to the GPA National Executive Committee.

The Supreme Court has accepted Orbit Electrical's plea challenging Finolex Cables's decision to withhold AGM results. The court ordered the scrutiniser to disclose the results immediately and stated that the NCLAT can pronounce the judgement later. Orbit Electricals holds a 30.7% stake in Finolex Cables, while Finolex Industries holds 14.51%. Prakash Chhabria, the largest shareholder of Orbit Electricals, and Deepak Chhabria, his cousin and executive chairman of Finolex Cables, are engaged in a struggle for control. The SC had allowed Prakash Chhabria's Orbit Electricals to vote at the FCL AGM...

Prakash Chhabria-led Orbit Electricals has filed an appeal in the Supreme Court challenging the non-disclosure of the voting outcome regarding the re-appointment of Deepak Chhabria as the Executive Chairman of Finolex Cables at its annual general meeting (AGM). The Supreme Court hearing is expected to take place this week. Last week, Finolex Cables did not disclose the voting results, and the National Company Law Appellate Tribunal (NCLAT) has reserved its order on the matter. Prakash Chhabria and Deepak Chhabria have previously accused each other of trying to gain control of Finolex Cables.