https://www.taxtmi.com/caselaws?id=106353 Objections based on waiver, estoppel, acquiescence or an alleged collateral motive cannot be decided as preliminary issues in a petition under sections 397 and 398 of the Companies Act, 1956 when their determination depends on disputed facts and evidence. Such contentions must be left for decision on the merits. The Company Law Board's directions to require a reply on subsidiary-related allegations and to recognise liberty to pursue a separate statutory petition were within its procedural powers and showed no jurisdictional error. The challenged directions were therefore valid, and the appeal failed. en-us Mon, 03 Jun 2002 00:00:00 +0530 Tue, 13 Mar 2012 17:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106353 Objections based on waiver, estoppel, acquiescence or an alleged collateral motive cannot be decided as preliminary issues in a petition under sections 397 and 398 of the Companies Act, 1956 when their determination depends on disputed facts and evidence. Such contentions must be left for decision on the merits. The Company Law Board's directions to require a reply on subsidiary-related allegations and to recognise liberty to pursue a separate statutory petition were within its procedural powers and showed no jurisdictional error. The challenged directions were therefore valid, and the appeal failed. Case-Laws Companies Law Mon, 03 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106353