RAMA NARANG vs RAMESH NARANG

The Supreme Court addressed the appeal concerning the Bombay High Court's order regarding the management of Narang International Hotels Private Limited under Sections 397 and 398 of the Companies Act. The Court held that the appellant, Rama Narang, was ineligible to serve as Managing Director due to his prior conviction involving moral turpitude as per Section 267 of the Companies Act. The Court upheld the High Court's decision to restrain the company from holding meetings while allowing the appellant to continue as Chairman, thereby partially allowing the appeal.