https://www.taxtmi.com/caselaws?id=112616 The court upheld the Company Law Board's decision to hear the main petition, dismissing the appeal. It was determined that the issues of maintainability and the first respondent's status as a member should be addressed in the main petition. The broader interpretation of the term "member" was affirmed, enabling the first respondent to maintain the petition under sections 397 and 398 of the Companies Act. The court emphasized that withdrawal of civil suits does not impede statutory rights to file a petition for oppression and mismanagement. en-us Fri, 31 Jul 2009 00:00:00 +0530 Tue, 04 Nov 2014 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112616 The court upheld the Company Law Board's decision to hear the main petition, dismissing the appeal. It was determined that the issues of maintainability and the first respondent's status as a member should be addressed in the main petition. The broader interpretation of the term "member" was affirmed, enabling the first respondent to maintain the petition under sections 397 and 398 of the Companies Act. The court emphasized that withdrawal of civil suits does not impede statutory rights to file a petition for oppression and mismanagement. Case-Laws Companies Law Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112616