On Friday, Raymond re-appointed Gautam Hari Singhania as the managing director of the company for a term of five years starting from July 1, 2024, as mentioned in an exchange filing.
The bench held that only the Chancellor (Kerala Governor) can make appointments to the post and not even the pro-chancellor can intervene in the matter. In the instant case, the bench noted that the chancellor had, in fact, issued a notification appointing Dr Raveendran to the post. However, even the said notification stood tainted by unwarranted interference of the Kerala government, the SC ruled.