Legal27 May 2026, 05:01 pm
Jagran Prakashan: NCLAT Disposes of Appeal with Directions
AI Summary
The National Company Law Appellate Tribunal (NCLAT) has disposed of Jagran Prakashan Ltd's appeal regarding the removal of independent directors. While an extra-ordinary general meeting may proceed on May 29, 2026, any resolutions passed concerning the removal of directors must be held in abeyance pending the outcome of C.P. No. 64 of 2023, which is before the NCLT Allahabad. The company will provide further updates on material developments.
Key Highlights
- NCLAT disposes of Jagran Prakashan's appeal regarding director removal.
- EGM can proceed, but resolution implementation is stayed.
- Stay is pending the outcome of C.P. No. 64 of 2023 before NCLT Allahabad.
- Company will provide updates on material developments in the proceedings.
Price Impact
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