New Delhi, Jan. 3 :
New Delhi, Jan. 3:
The battle for control of Modiluft Airlines, now renamed Royal Airways, has reached a decisive phase, with the new management booting out chairman Satish Kumar Modi and two other directors loyal to him at an annual general meeting held here.
The move, however, has sparked off a fresh controversy with claims and counter claims on the issue. The Modis, of course, deny anything at all has happened. While S.K. Modi remained unavailable for comments, his aides denied any such meeting was held and reiterated the Modi house would take legal action against claims to the contrary. But those who attended the AGM at a club on the outskirts of the city said the meeting was held on December 31 and Modi himself attended it. In fact, he tried to pull off a coup stating that the meet was illegal as a stay had been obtained against it by a shareholder Prem Chand Sharma from a Ghaziabad court.
However, the new Modiluft management, loyal to NRI brothers-Ramesh S. Kansagra and Bhupesh S. Kansagra, who control over 56.8 per cent in the company-pulled off a counter-coup. They managed to get an order from the Delhi high court rescinding the Ghaziabad one. Following this, Modi walked out of the meet.
An airline official confirmed that the AGM had been held and the resolution throwing out Modi has been passed and 'this has been notified to all statutory and regulatory authorities.'