Zee-Invesco case: Rejection of requisition for EGM malafide, NCLT told

Senior Advocate Mukul Rohatgi argued that no one, including the Tribunal, can sit in appeal over the reason for calling the EGM.
Zee-Invesco case: Rejection of requisition for EGM malafide, NCLT told
Zee Entertainment, NCLT Mumbai

The decision of the Board of Directors of Zee Entertainment to reject the requisition by Invesco Developing Markets Fund to hold an Extraordinary General Meeting (EGM) was malafide and done to toe the line of Managing Director, Punit Goenka, the National Company Law Tribunal (NCLT) Mumbai was told on Monday.

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