The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
The fierce litigious fight for little-known Birla Corporation marked the first major controversy for this storied and reserved business family.
Birla Corporation has grown from a Rs 1,763-crore company to Rs 3,200 crore; profitability, however, has suffered due to the slowdown.
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