Delhi HC rejects Natasha Oberoi's plea to stay board resolution
NEW DELHI: The Delhi High Court has dismissed a plea of Oberoi Hotels managing director Natasha Oberoi, seeking to stay a board resolution that granted Tejaswi Dixit the authority to deal with legal matters related to the estate of PRS Oberoi, the late patriarch of the Oberoi Group.
Dixit is company secretary at EIH Associated Hotels, which is part of the Oberoi Group. PRS Oberoi's daughter, Natasha, wanted various issues including representation by Dixit to be decided through arbitration. She claimed that Dixit, "a stranger", had been unlawfully delegated the authority by her brother and Oberoi Group CEO Vikramajit Singh Oberoi and cousin and executive chairman Arjun Singh Oberoi to "orchestrate undue gains by hijacking the representation of the company through bypassing the board of directors and abdicating their fiduciary responsibilities".
Dixit is company secretary at EIH Associated Hotels, which is part of the Oberoi Group. PRS Oberoi's daughter, Natasha, wanted various issues including representation by Dixit to be decided through arbitration. She claimed that Dixit, "a stranger", had been unlawfully delegated the authority by her brother and Oberoi Group CEO Vikramajit Singh Oberoi and cousin and executive chairman Arjun Singh Oberoi to "orchestrate undue gains by hijacking the representation of the company through bypassing the board of directors and abdicating their fiduciary responsibilities".
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