https://www.taxtmi.com/caselaws?id=213386 The Supreme Court upheld the High Court's decision confirming the sale of shares in Dishergarh Power Supply Corporation Ltd., allowing the appellant to sell its shares for over Rs. 90 crores. The High Court modified the Company Law Board's order, permitting the appellant to utilize the sale proceeds for capital and revenue expenditures under specific conditions, directing the CLB to decide the main company petition within four months. The appeal was allowed without any order for costs. en-us Mon, 07 Feb 2011 00:00:00 +0530 Wed, 06 Feb 2013 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213386 The Supreme Court upheld the High Court's decision confirming the sale of shares in Dishergarh Power Supply Corporation Ltd., allowing the appellant to sell its shares for over Rs. 90 crores. The High Court modified the Company Law Board's order, permitting the appellant to utilize the sale proceeds for capital and revenue expenditures under specific conditions, directing the CLB to decide the main company petition within four months. The appeal was allowed without any order for costs. Case-Laws Companies Law Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213386