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Search Results for "CLB Order"

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High Court

High Court Dismisses Union of India's Appeal Against Company Law Board Order in Oppression and Mismanagement Case — Upholds CLB's Discretion to Grant Interim Relief Under Section 402 of Companies Act, 1956. The court held that the CLB has wide powers to pass interim orders to prevent oppression and mismanagement, and such orders are not final determinations of rights.

13 Aug 2013

The Union of India, through the Ministry of Corporate Affairs, filed an appeal under Section 10F of the Companies Act, 1956, against an interim order ...

High Court

Bombay High Court Upholds CLB Order on Share Transmission in Company Dispute. CLB's findings on oppression and mismanagement under Sections 397 and 398 of Companies Act, 1956 set aside due to lack of evidence.

28 Mar 2016

The judgment concerns multiple company appeals arising from orders of the Company Law Board (CLB) in relation to Mehboob Productions Pvt. Ltd., a comp...

High Court

Bombay High Court Dismisses Appeal Against CLB Order in Company Law Dispute Over Share Transfer and Oppression. Court upholds CLB's refusal to dismiss petition under Section 397/398 of Companies Act, 1956, finding prima facie case of oppression and mismanagement.

20 Dec 2012

The judgment arises from a company appeal filed under Section 10F of the Companies Act, 1956, by M/s. Gharda Chemicals Limited and others against an o...

High Court

Bombay High Court Grants Interim Injunction Restraining Bank from Enforcing Guarantee and Pledge Against Company Pending Company Law Board Proceedings. Alleged Fraudulent Assumption of Liability by Directors Without Shareholder Consent Raises Serious Questions to be Tried.

15 Jul 2013

The applicant, Rajinder Kumar Malhotra, filed an application in a pending company appeal seeking an interim injunction to restrain HDFC Bank from reco...

High Court

High Court of Bombay Upholds CLB Order in Oppression and Mismanagement Case — Conversion of Preference Shares and Board Reconstitution Upheld. Share Subscription cum Shareholders Agreement and Articles of Association amendments validly passed; conversion of preference shares into equity shares resulting in majority shareholding for investors was lawful.

7 Jan 2016

The case involves appeals against an order of the Company Law Board (CLB) in a petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of...

High Court

High Court of Bombay Upholds CLB Order in Oppression and Mismanagement Case — Share Conversion and Board Reconstitution Upheld. The court affirmed that the conversion of preference shares into equity shares under a Share Subscription cum Shareholders Agreement was valid and that the CLB correctly found oppression and mismanagement by the promoters.

7 Jan 2016

The case involves appeals against an order of the Company Law Board (CLB) in a petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of...

High Court

Bombay High Court Dismisses Application for Rejection of Plaint in Suit for Specific Performance and Injunction — Held that Plaint Discloses Cause of Action and is Not Barred by Limitation. The court held that the plaint cannot be rejected under Order VII Rule 11 CPC as the suit is within limitation and discloses a cause of action.

16 Jul 2016

The case involves a Notice of Motion filed by Defendant No. 11, Lily Realty Private Limited, in a suit for specific performance and injunction. The pl...

High Court

Bombay High Court Dismisses Appeal Against CLB Order Directing Payment of Gratuity Under Consent Terms — Contractual Obligation Binding Despite Statutory Ineligibility Under Payment of Gratuity Act, 1971. Consent terms in company petition under Sections 397 and 398 of Companies Act, 1956, requiring payment of gratuity to resigning director, enforced by CLB.

10 Jul 2015

The case arose from a company petition filed by Appellant No.2 before the Company Law Board (CLB) against Appellant No.1 and the Respondent under Sect...

High Court

Bombay High Court Dismisses Writ Petition Challenging CLB Order Refusing Reference to Arbitration. Availability of Alternative Remedy Under Section 10F of Companies Act, 1956 Precludes Exercise of Writ Jurisdiction Under Article 226 of Constitution.

26 Apr 2016

The petitioners, Emgee Housing Private Limited and others, filed a writ petition under Article 226 of the Constitution of India before the High Court ...

High Court

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 2018

The 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...

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