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    <title>2010 (2) TMI 964 - COMPANY LAW BOARD, CHENNAI BENCH</title>
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    <description>The Board found the company petition maintainable under sections 111 and 111A of the Companies Act, 1956. The dispute over the ownership of 1,310 shares and the validity of documents claimed by the petitioner were to be examined during the final disposal. Despite challenges on maintainability and delay in filing, the Board decided to condone the delay and proceed with the case. The High Court&#039;s dismissal of a related civil suit highlighted the lack of jurisdiction of civil courts in such matters. The case was scheduled for further hearing.</description>
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      <description>The Board found the company petition maintainable under sections 111 and 111A of the Companies Act, 1956. The dispute over the ownership of 1,310 shares and the validity of documents claimed by the petitioner were to be examined during the final disposal. Despite challenges on maintainability and delay in filing, the Board decided to condone the delay and proceed with the case. The High Court&#039;s dismissal of a related civil suit highlighted the lack of jurisdiction of civil courts in such matters. The case was scheduled for further hearing.</description>
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