Kolkata, Sep 18 (UNI) Birla Corporation Limited will examine today's Calcutta High Court judgment over reappointment of Mr Harsh Vardhan Lodha as a director of Vindhya Telelinks Ltd and Birla Cable Ltd in 2019 as it "does not appear to be lawful" and take necessary steps, including filing of appeal.
The verdict seems to have ignored shareholders' democracy and their right to elect by majority of their votes a person as a director of a company, said Mr. Debanjan Mandal, Partner, Fox & Mandal, Advocates for Mr. Lodha.
“The verdict passed by Justice Sahidullah Munshi of the Calcutta High Court on Friday, 18th September, over reappointment of Mr. Harsh Vardhan Lodha as a director of Vindhya Telelinks Ltd and Birla Cable Ltd in 2019 does not appear to be lawful. Our clients’ confidence in the system remains completely unshaken and our clients will challenge the judgement in the Appeal Court for immediate and long term relief,” Mr. Debanjan Mandal said.