https://www.taxtmi.com/caselaws?id=113353 The court dismissed the appeals, affirming the Company Law Board's decision that the petition challenging the allotment of shares was not maintainable under section 111A of the Companies Act, 1956. The judgment clarified that section 111A does not cover challenges to share allotments by public companies, following the precedent set by a previous case. The court emphasized the legislative intent behind section 111A and declined to refer the matter to a larger bench, upholding the earlier binding judgment. en-us Fri, 16 Apr 2010 00:00:00 +0530 Fri, 10 Oct 2014 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113353 The court dismissed the appeals, affirming the Company Law Board's decision that the petition challenging the allotment of shares was not maintainable under section 111A of the Companies Act, 1956. The judgment clarified that section 111A does not cover challenges to share allotments by public companies, following the precedent set by a previous case. The court emphasized the legislative intent behind section 111A and declined to refer the matter to a larger bench, upholding the earlier binding judgment. Case-Laws Companies Law Fri, 16 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113353