Board approves authorising MD & CFO to represent company in court cases at Ahmedabad
Mehta Integrated Finance's board approved authorising Mr. Vishwesh D. Mehta, Managing Director (DIN: 00484785) and CFO, to represent the company in its legal matters.
By ScoutQuest · · 2 min read
- Board meeting timing
- 11:30 AM to 11:50 AM
What the board approved
Mehta Integrated Finance Ltd informed BSE that its Board, at its meeting held today, considered and approved the business of authorising Mr. Vishwesh D. Mehta, Managing Director (DIN: 00484785) and CFO of the company, to represent the company on its behalf for settlement, compromise, execution of consent terms, settlement agreements, compromise deeds or decrees.
- The authority relates to legal disputes, commercial execution petitions or criminal proceedings before the Hon'ble City Civil Court, the Hon'ble High Court or any other courts at Ahmedabad.
- The board meeting commenced at 11:30 AM and concluded at 11:50 AM.
What the words mean
- Settlement or compromise: the two sides in a dispute agree to end it, usually on agreed terms.
- Consent terms: the terms both sides agree to and place before the court.
- Decree: a formal court order recording the decision or agreed terms.
- Execution petition: a update made to get a court order actually enforced.
How to read this
This is an internal authority given by the board. It lets the Managing Director and CFO negotiate, sign and act for the company in its court matters. The step itself is about who may act for the company, rather than the outcome of any particular case. A settlement, compromise or decree reached under this authority would show up as a separate event when it happens.
Why the board may do this
- It allows decisions to be taken and documents to be signed on the company's behalf without waiting for a fresh board approval each time.
- It covers three broad buckets of matters: legal disputes, commercial execution petitions and criminal proceedings.
- It is limited to courts at Ahmedabad.
For a retail investor
The announcement tells you that the company is putting in place a clear authority to pursue settlement or compromise in its litigation. Litigation outcomes can involve money paid or received by the company, depending on the facts of each case, and can take time to complete. There is nothing in this disclosure about any claim amount, and the authority by itself does not confirm that any dispute has been settled.
Also from Mehta Integrated Finance
Board authorises MD & CFO to represent company in Ahmedabad court cases
13 Oct 2026
Members Approve Director Retirement by Rotation and MD Reappointment for 3 Years at 41st AGM
25 Sep 2026
More numbers
- Board meeting commencement time11:30 AM
- Board meeting conclusion time11:50 AM
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