High Court Dismisses Appeals Against CLB Orders in Oppression and Mismanagement Case — Maintainability of Composite Petitions Under Sections 397 and 398 of Companies Act, 1956 Upheld. The court held that preliminary objections regarding shareholding threshold cannot be decided without trial when dilution itself is alleged as oppression.
25 Jun 2015The case involves appeals against orders of the Company Law Board (CLB) dated 28 November 2014, which rejected preliminary objections regarding the ma...






