Birla

Court stays Birla Corp annual meet

Court stays Birla Corp annual meet

A city court of Kolkata had issued a stay order on the annual general meeting of MP Birla group. The stay order came while the meeting was in progress on Wednesday and it had to be rescheduled for 29th June 2010. Same incident happened in the last year when the AGM had to be adjourned following a directive of a court.

This drama over the AGM was building up over the past couple of days. Birlas had moved the Company Law Board (CLB) asking them that the AGM of Birla Corp be delayed but the CLB had passed the verdict in favor of the Lodhas.