High Court of Karnataka Sets Aside CLB Interim Order in Company Appeal — Interim Reliefs Granted Without Proper Application of Mind. The Court held that the Company Law Board must record reasons and consider the balance of convenience before granting interim reliefs under Sections 397 and 398 of the Companies Act, 1956.
20 Aug 2015The appeal was filed by the company (M/s Malind Properties Pvt Ltd) and its shareholders (appellants 2 to 4) against an interim order dated 22.12.2014...




