Bombay High Court Allows Company Appeal Against CLB Order Dismissing Petition for Oppression and Mismanagement as Not Maintainable Due to Lack of Proper Verification Under Company Law Board Regulations. The Court held that procedural defects like improper verification are curable and cannot be a ground to reject a petition under Sections 397 and 398 of the Companies Act, 1956 when the petitioners hold the requisite shareholding under Section 399(1).
31 Oct 2012The case involves a Company Appeal filed by Mr. Pratik B. Mehta and others (Appellants/Original Petitioners) against Uniform Offset Private Limited an...




