MOHD.YAMIN
Bank of Rajasthan – Appellant
Versus
Manish Agarwal – Respondent
(2). Brief facts are that the Bank of Rajasthan is a banking company incorporated and registered under the provisions of the Companies Act, 1956. A resolution was passed on 22.9.1995 in the Annual General Meeting of the company for taking requisite steps, measures and actions for bringing in additional capital. It was decided in the said general meeting that the Board of Directors of the company would be competent to take all proceedings and actions for enabling the company to come out with the bonus/rights issue at any time for the purpose of generating additional capital. Consequently, AGM made a reference on 28.9.1998 to the Reserve Bank of India seeking its approval for induction of five new Directors in the Board of Directors of the company. The Reserve Bank of India granted approval for induction of five Directors from Tayal Group with certain conditions. Accordingly five Directors from the Tayal Group were included into
9. Narendra Kumar Maheshwari vs. Union of India and others (AIR 1989 SC page 2138)
10. Sher Singh (dead) through LRs. vs. Joint Director of Consolidation & Ors. (AIR 1978 SC 1341)
1. G.C. Ghanshamdas & Ors. vs. Collector of Madras ((1986) 4 SCC page 305)
3. Mst. Chandani vs. Rajasthan State and others (AIR 1962 Raj. page 36 = RLW 1962 page 49)
6. Nagar Palika, Nathdwara vs. Temple Board
7. Samar Singh vs. Kedar Nath and others (AIR 1987 SC page 1926)
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