https://www.taxtmi.com/caselaws?id=113382 The High Court found the company petition maintainable under Section 398 of the Companies Act, 1956, but determined that the respondents failed to prove their membership and shareholding. Additionally, the respondents did not comply with the requirements of Section 399 and lacked bona fides in filing the petition. The High Court criticized the Company Law Board for applying double standards in similar cases. Consequently, the High Court quashed the Company Law Board's order and allowed the appeal. en-us Fri, 30 Apr 2010 00:00:00 +0530 Wed, 08 Oct 2014 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113382 The High Court found the company petition maintainable under Section 398 of the Companies Act, 1956, but determined that the respondents failed to prove their membership and shareholding. Additionally, the respondents did not comply with the requirements of Section 399 and lacked bona fides in filing the petition. The High Court criticized the Company Law Board for applying double standards in similar cases. Consequently, the High Court quashed the Company Law Board's order and allowed the appeal. Case-Laws Companies Law Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113382