https://www.taxtmi.com/caselaws?id=104056 A petition under section 398(1)(b) of the Companies Act, 1956 could not be used to obtain final adjudication of disputed share transfers and alleged fiduciary breaches where a comprehensive civil suit on title and validity was already pending; those issues were better left to the civil court, and the CLB was justified in declining to decide them on the limited material. A blanket postponement of the annual general meeting was also unwarranted because pending rehabilitation proceedings did not displace corporate democracy in the absence of an approved and binding scheme. The AGM could therefore proceed in accordance with law. en-us Thu, 24 Dec 1998 00:00:00 +0530 Mon, 27 Feb 2012 14:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104056 A petition under section 398(1)(b) of the Companies Act, 1956 could not be used to obtain final adjudication of disputed share transfers and alleged fiduciary breaches where a comprehensive civil suit on title and validity was already pending; those issues were better left to the civil court, and the CLB was justified in declining to decide them on the limited material. A blanket postponement of the annual general meeting was also unwarranted because pending rehabilitation proceedings did not displace corporate democracy in the absence of an approved and binding scheme. The AGM could therefore proceed in accordance with law. Case-Laws Companies Law Thu, 24 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104056