Issues to be framed

SC appeal no.1
1) Does governance consortium have the right to replace members of the board of
directors of aril?
- The question of minimum threshold in deciding the board of directors of aril
2) The right of the governance consortium to call EGM “extraordinary general meeting”
SC appeal no. 2
3) Did shareholders have the right to file class action against the board of directors?
- Compensation of the aggrieved victims
- Co-relation between the incident that took place and the working of the company
-
4) Did statutory auditors were complicit with board in misleading the investors regarding
the true state of affairs of the company
5) Direction to appoint a special committee of directors

Is Aril violative of SEBI’s regulations pertaining to listing obligations and disclosure

requirements?

https://www.taxmann.com/post/blog/all-about-class-action-suits-under-the-companies-act-2013-
section-245-and-246?amp