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HC denies interim relief to former Ebix CEO Robin Raina
The Daily Guardian
|October 17, 2024
The Delhi High Court has declined interim relief to Robin Raina, the former CEO of Ebix, Inc who has in his petition claimed entitlement to 50 per cent share-holding in Eraaya Lifespaces Ltd.
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Raina has also sought reinstatement and possession of a company-owned farmhouse, arguing that he had led the company for nearly 20 years.
Raina moved High Court recently, based on a consortium agreement dated August 16, 2024, which he alleged had been breached by Eraaya and Vikas Lifecare Ltd. His suspension from Eraaya's board on September 27, 2024, for financial irregularities is currently under internal investigation.
This story is from the October 17, 2024 edition of The Daily Guardian.
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