Bombay High Court Dismisses Appeal Against CLB Order in Company Petition for Oppression and Mismanagement — Upholds Finding That Petition Was Not Maintainable Due to Lack of Consent Under Section 399 of Companies Act, 1956. The court held that consent of members under Section 399 must be obtained prior to filing the petition and cannot be cured after filing.
16 Apr 2018The case involves an appeal against the order of the Company Law Board (CLB) dismissing Company Petition No.4 of 2007 filed by the appellants under Se...






