Omaxe Appoints Sunil Goel as Additional Director, Real Estate News, ET RealEstate

NEW DELHI: Real estate company Omaxe Ltd announced on Monday the appointment of Sunil Goel, brother of its chairman and managing director Rohtas Goel, as additional (executive) director, signaling a truce between the warring brothers. The appointment, with effect from October 1 and for the next five years, gains momentum as the two brothers have been engaged in a legal standoff since 2017.

Younger brother Sunil Goel was removed from the board at the 28th Annual General Meeting (AGM) held on September 27, 2017.

Later, Sunil Goel filed complaints with the National Company Law Tribunal (NCLT), alleging financial irregularities in the company and his unlawful dismissal from the board of directors.

In a regulatory file, Omaxe informed that the board of directors has appointed Sunil Goel as an additional (executive) director on the board of directors of the company.

The appointment is subject to the approval of the shareholders.

Sunil Goel had filed a petition with the NCLT alleging “financial mismanagement and fraudulent transactions” by his older brother Rohtas Goel and requested a waiver of the filing criteria to have 10 percent of the company’s shares.

Sunil Goel has 28 years of global appointment experience in the real estate industry.

He was the former deputy general manager of Omaxe.


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