https://www.taxtmi.com/caselaws?id=114060 The court clarified that under section 111A of the Companies Act, only the transferee, not the transferor, has the right to appeal. It emphasized that the Company Law Board functions within statutory limits and cannot act based on equity. The court dismissed the company's petition, ruling it not maintainable by the transferor and allowing the company's appeal. The judgment underscored the importance of legal representation in proceedings and provided a detailed analysis of the legal provisions to determine the appeal's maintainability under the Companies Act, 1956. en-us Fri, 14 Jul 2006 00:00:00 +0530 Thu, 10 May 2012 16:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114060 The court clarified that under section 111A of the Companies Act, only the transferee, not the transferor, has the right to appeal. It emphasized that the Company Law Board functions within statutory limits and cannot act based on equity. The court dismissed the company's petition, ruling it not maintainable by the transferor and allowing the company's appeal. The judgment underscored the importance of legal representation in proceedings and provided a detailed analysis of the legal provisions to determine the appeal's maintainability under the Companies Act, 1956. Case-Laws Companies Law Fri, 14 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114060