High Court of Bombay at Nagpur Upholds Company Law Board's Order for Sealed Bids to Resolve Shareholding Dispute in Family Company. The Court held that the Board's direction for sealed bids was a valid interim measure to resolve deadlock between warring shareholder groups under Section 402 of the Companies Act, 1956....
The case involves a family dispute over the management and shareholding of Vidarbha Bottlers Private Limited, a company registered under the Companies Act, 1956. The appellant group (appellants 2 to 1...




