https://www.taxtmi.com/caselaws?id=113197 The High Court set aside the Company Law Board's order allowing the first respondent to proceed with a joint development agreement, emphasizing the need for a thorough examination of the merits during the final hearing. The Court found the interim order invalid due to lack of consideration of prima facie case and balance of convenience, potential adverse impact on the petitioner's rights, premature determination of main issues, and failure to consider larger public interest. The Court directed the CLB to expedite the main company petition and make appropriate orders, ultimately allowing the appeal and closing the related petition. en-us Wed, 22 Sep 2010 00:00:00 +0530 Wed, 24 Sep 2014 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113197 The High Court set aside the Company Law Board's order allowing the first respondent to proceed with a joint development agreement, emphasizing the need for a thorough examination of the merits during the final hearing. The Court found the interim order invalid due to lack of consideration of prima facie case and balance of convenience, potential adverse impact on the petitioner's rights, premature determination of main issues, and failure to consider larger public interest. The Court directed the CLB to expedite the main company petition and make appropriate orders, ultimately allowing the appeal and closing the related petition. Case-Laws Companies Law Wed, 22 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113197