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India High Court Blocks Contentious Zandu Annual Meeting

This article was originally published in PharmAsia News

Executive Summary

India's Bombay High Court blocked the annual general meeting of Zandu Pharmaceutical Works, with the assent of two parties fighting over the firm. Chairman Y.P. Trivedi, also an independent director of Zandu, said the cancellation of the meeting would give the opposing parties, Emami and the Parikhs, time to resolve their differences. The agenda of the meeting had included appointment of five nominees by the Parikhs to the company board, a move opposed by Emami. (Click here for more
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