By Sneha Johari and Nikhil Pahwa 2 September update: We’ve received a copy of the order given by the Company Law Tribunal and it appears that the details of the order shared with us by Vipul Ganda, the lawyer for Sanjiv Gupta, weren’t correct. We apologise to our readers for this: we didn’t have a copy of the order, and Astro has so far declined to share detailed comments with us. The court rejected the petition from Sanjiv Gupta, asking that the induction of two people: Sandeep Vats and Prakash Mishra, inducted as additional directors on the board on the 16th June 2016 be deemed illegal, and an interim order be issued “banning their interference in the day to day functioning of the company.” The court said that “We are unable to accept the same because the petitioner has only 0.06% shareholding, and the shareholders having 99% shareholding in the company cannot be allowed to overawe at the instance of the petitioner. Moreover, day to day operations cannot be brought to a standstill because it would affect the health of the respondent company.” The order also mentions that “There is consensus between parties that the respondents that maintain the status quo as on date with regard to the constitution of the board, and no meeting of the board shall be held without prior permission of the tribunal.” Earlier on 31 August: AskMe Chairman and Managing Director Sanjiv Gupta has filed a petition with the Company Law Tribunal alleging oppression and…
