NCLAT declines to change Finolex's AGM outcome, ousting Deepak Chhabria

The National Company Law Appellate Tribunal has upheld the shareholders' decision against Deepak Chhabria's reappointment to Finolex Cables' board. The tribunal also validated the 2019 EGM of Orbit Electricals, amending its Articles of Association. The Supreme Court later intervened, leading to a fine for Chhabria and an order for a fresh hearing.