https://www.taxtmi.com/caselaws?id=213395 The court granted condonation of delay in filing the appeal, leading to the disposal of the application. Several applications seeking interim reliefs/directions were disposed of as the main appeal was planned for the same day. An application for a stay of proceedings under section 138 of the Negotiable Instruments Act was dismissed. The main appeal challenged an order by the Company Law Board under section 10F of the Companies Act, 1956, involving the illegal issue of bonus shares. The court ruled in favor of the respondents, directing the appellant-company to issue bonus shares, pay compensation, and simple interest on the sum awarded. en-us Tue, 22 Feb 2011 00:00:00 +0530 Thu, 07 Feb 2013 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213395 The court granted condonation of delay in filing the appeal, leading to the disposal of the application. Several applications seeking interim reliefs/directions were disposed of as the main appeal was planned for the same day. An application for a stay of proceedings under section 138 of the Negotiable Instruments Act was dismissed. The main appeal challenged an order by the Company Law Board under section 10F of the Companies Act, 1956, involving the illegal issue of bonus shares. The court ruled in favor of the respondents, directing the appellant-company to issue bonus shares, pay compensation, and simple interest on the sum awarded. Case-Laws Companies Law Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213395