Search Results for "CLB Order"

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Search Results for "CLB Order"

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High Court

Bombay High Court Upholds CLB Order for Sealed Bids in Shareholding Dispute Under Section 10F of Companies Act, 1956. Court Dismisses Appeal Against CLB's Direction for Sealed Bids to Resolve Oppression and Mismanagement Allegations in Vidarbha Bottlers Private Limited.

23 Sep 2015

The case involves a company appeal under Section 10F of the Companies Act, 1956, against an order of the Company Law Board (CLB) dated 7 August 2012. ...

High Court

High Court of Bombay at Goa Dismisses Appeal Against CLB Consent Order in Company Oppression Case — Parties Bound by Consensus. Consent order for share buyout under Sections 397-398 of Companies Act, 1956 cannot be challenged by consenting party.

22 Dec 2016

The case involves an appeal filed by Shalby Limited and others against an order dated 25.04.2016 passed by the Company Law Board (CLB), New Delhi Benc...

High Court

Bombay High Court Quashes 'C' Summary Report in Cheating Case — Directs Further Investigation Under Section 173(8) CrPC. Court finds that the investigating officer failed to examine crucial documents and witnesses, rendering the summary report premature and based on incomplete investigation.

27 Oct 2016

The petitioner, Dharmil Anil Bodani, filed a criminal writ petition under Article 227 of the Constitution of India and Section 482 of the Code of Crim...

High Court

Bombay High Court Allows Appeal Against CLB Order Appointing Retired Supreme Court Judge as Executing Authority Under Section 634A of Companies Act, 1956 — Holds CLB Cannot Delegate Execution Powers to Third Party

23 Jun 2005

The appeal arose from an order of the Company Law Board (CLB), Principal Bench, New Delhi, dated April 4, 2005, in Company Application Nos.170 of 2003...

High Court

Court Declares Share Transfer Void in Maharashtra Antibiotics Case: Failure to Prove Transaction's Benefit. High Court sets aside Company Law Board’s order, emphasizing compliance with winding-up provisions under Section 536(2) of the Companies Act.

4 Oct 2024

The appellants challenged the order of the Company Law Board (CLB) that directed the transfer of 40,530 equity shares of Rs. 100 each from respondent ...

High Court

Bombay High Court Dismisses Delay Condonation Application in Company Appeal — Limitation Period Under Section 10F of Companies Act, 1956 Runs from Date of Knowledge of Order, Not from Receipt of Certified Copy. The court held that the right to receive a certified copy under Regulation 29(4) of CLB Regulations does not postpone the commencement of limitation, and the appeal filed beyond 120 days from the date of knowledge is barred.

11 Mar 2014

This judgment concerns a company application filed by Jagdish Lal Gupta, the appellant in an appeal under Section 10F of the Companies Act, 1956, seek...

High Court

Bombay High Court Upholds Market Value Determination for Share Valuation in Oppression Case — Director's Rights Cease Upon Valuation. The court held that the market value determined by the Company Law Board for shares held by a minority shareholder was just and proper, and that the shareholder ceases to be a director upon valuation, not upon payment.

16 Jun 2005

The case involves two appeals filed against an order of the Company Law Board (CLB) dated 5.5.2003 in Company Petition No. 12 of 1998. The appellant, ...

High Court

Bombay High Court Allows Appeal by Depository in Share Rectification Case — CLB Direction Quashed as Without Jurisdiction. NSDL Cannot Be Directed to Issue Notices Regarding Title Disputes Under Section 111A of Companies Act, 1956.

31 Oct 2012

The case involves an appeal by National Securities Depository Ltd. (NSDL) against an order of the Company Law Board (CLB) dated 23 November 2010. The ...

Supreme Court

Supreme Court Allows Compounding Application in SEBI Act Case, Overturning Lower Court Decisions on Consent Requirement. Court Holds That Section 24A of Securities and Exchange Board of India Act, 1992 Does Not Mandate SEBI's Consent for Compounding, and Compounding Can Be Considered at Advanced Trial Stages Based on Factual Assessment.

23 Jul 2021

The dispute arose from a criminal prosecution under Section 24(1) of the Securities and Exchange Board of India Act, 1992, against the appellant, a di...

Supreme Court

Supreme Court Remands Oppression Petition in Share Allotment Dispute Under Sections 397/398 of Companies Act, 1956 — Preference Shareholder's Voting Rights and Validity of Allotments Require Reconsideration. The Court held that the allotments were made in compliance with Section 81(1A) but the High Court failed to properly assess the allegations of oppression, necessitating a fresh hearing by the Company Law Board.

10 May 2019

The appeal arose from a judgment of the Delhi High Court which set aside an order of the Company Law Board (CLB) in a petition under Sections 397 and ...

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