https://www.taxtmi.com/caselaws?id=211484 The Court upheld the Company Law Board's decision in a case involving the withdrawal of a guarantee under Section 10F of the Companies Act, 1956. The appellant's challenge was dismissed, and the respondent's petition for condonation of delay and registration of the charge was allowed. The Court found the appellant liable to register the charge as per the terms of the agreement, rejecting arguments related to a consortium agreement and the Indian Contract Act. The appeal was dismissed without costs, and interim orders were vacated. en-us Wed, 30 Nov 2011 00:00:00 +0530 Mon, 19 Mar 2012 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211484 The Court upheld the Company Law Board's decision in a case involving the withdrawal of a guarantee under Section 10F of the Companies Act, 1956. The appellant's challenge was dismissed, and the respondent's petition for condonation of delay and registration of the charge was allowed. The Court found the appellant liable to register the charge as per the terms of the agreement, rejecting arguments related to a consortium agreement and the Indian Contract Act. The appeal was dismissed without costs, and interim orders were vacated. Case-Laws Companies Law Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211484