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    <title>2010 (7) TMI 811 - COMPANY LAW BOARD CHENNAI</title>
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    <description>The judgment allowed the application under section 403 of the Companies Act, granting permission to proceed with a joint development agreement. Allegations of oppression and mismanagement, disputes over ownership stake and property transactions, legal proceedings by creditors, and the execution of the joint development agreement were key issues addressed. The decision emphasized compliance with interim orders and transparency, ultimately permitting the applicant to move forward with the agreement while issuing directions to protect the company&#039;s interests and stakeholders.</description>
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