NCLT Rejects Refex Stay on Director Removal Agenda

NCLT Chennai rejects interim application to stay board meeting agenda for removal of Anil Jain as director of UK-based Silres Energy.
Tribunal finds no prima facie case, noting the applicant director was duly notified and can oppose the resolution in the meeting.
Underlying petition alleges oppression by Silres Energy's majority shareholders for failing to implement a definitive share swap agreement.
Main oppression and mismanagement petition CP/129/2025 remains scheduled for final hearing on 06 May 2026.