https://www.taxtmi.com/caselaws?id=102731 The High Court held that the Company Law Board (CLB) lacked jurisdiction to decide title disputes over property, clarifying that such matters fell within the purview of the High Court. It was found that there was no valid notice served under section 176 of the Indian Contract Act, casting doubt on the alleged oral agreement converting the pledge to a sale. The court rejected the appellant's claims, emphasizing the need for evidence to support such contentions. Respondent Nos. 1 to 3 deposited an amount exceeding the loan value, securing the appellant's interest, leading to the dismissal of the appeal with no costs awarded. en-us Thu, 13 Apr 1995 00:00:00 +0530 Wed, 15 Feb 2012 18:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102731 The High Court held that the Company Law Board (CLB) lacked jurisdiction to decide title disputes over property, clarifying that such matters fell within the purview of the High Court. It was found that there was no valid notice served under section 176 of the Indian Contract Act, casting doubt on the alleged oral agreement converting the pledge to a sale. The court rejected the appellant's claims, emphasizing the need for evidence to support such contentions. Respondent Nos. 1 to 3 deposited an amount exceeding the loan value, securing the appellant's interest, leading to the dismissal of the appeal with no costs awarded. Case-Laws Companies Law Thu, 13 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102731