Delhi HC issues notice to Religare

Rashmi Saluja moves court against ouster from Board

- FE BUREAU

THE DELHI HIGH Court on Wednesday issued a notice to Religare Enterprises (REL) on a petition by its executive director Rashmi Saluja seeking a stay on a resolution related to her removal as a director at the company's upcoming meeting scheduled on February 7. Interestingly, four independent directors of the company have appointed a counsel to counter Saluja's petition.

Mukul Rohatgi, representing Saluja, argued that her suit was distinct from the ongoing corporate control battle, arguing that the dispute centres on her contractual retirement terms. He also urged the court to grant an injunction preventing the REL board from taking any resolution to remove her or convene a meeting for that purpose.