War by Proxy

Madan Gopal Jajoo The number of proxies collected by the Ambanis for the L&T extraordinary general meeting has set a record. In view of the possibility of multiple proxies having been given without infringing in law, it is necessary to verify the proxies and weed out the multiple ones. This elementary precaution has assumed significance in this case because it does seem that the cult of booth-capturing is perhaps being extended to corporate disputes.