The Supreme Court today allowed Anil Agarwal-led Sesa Goa to conduct its extraordinary general meeting for allocating preference shares to the promoters Vedanta Resources Ltd.
A Bench headed by Justice B N Agarwal allowed Sesa Goa to conduct the EGM today.
However, it directed Sesa Goa that any decision taken in allotting shares to any entity would be subject to the final outcome of the petition of Harinarayan G Bajaj, who claims to be a minority shareholder and who sought to restrain Sesa Goa from allotting shares on the grounds that the act would be detrimental to the interests of shareholders.
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