Tnd.Mercantile Bank ... vs S.C.Sekar & Ors

The Supreme Court addressed the procedural issues surrounding the Annual General Meetings (AGMs) of Tamilnad Mercantile Bank Ltd., emphasizing the necessity of compliance with Company Law provisions under the Indian Companies Act, 1956. The Court held that the High Court's injunction regarding the conduct of the 83rd AGM was valid, allowing for certain agenda items to proceed while deferring others pending further court orders. The judgment reinforced the importance of timely AGMs and the rights of shareholders to participate in corporate governance.