https://www.taxtmi.com/caselaws?id=213565 The court held that the petitioner, a foreign company, had not established a place of business in India as required by Section 591 of the Companies Act, 1956. Consequently, the petition was not barred by law under Section 599. The court emphasized that mere shareholding and involvement in a joint venture did not constitute having a place of business in India. The Joint Venture Agreement provisions did not grant the petitioner management control over the respondent company. The court dismissed the application for rejection of the petition and did not award any costs. en-us Mon, 11 Apr 2011 00:00:00 +0530 Thu, 24 May 2012 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213565 The court held that the petitioner, a foreign company, had not established a place of business in India as required by Section 591 of the Companies Act, 1956. Consequently, the petition was not barred by law under Section 599. The court emphasized that mere shareholding and involvement in a joint venture did not constitute having a place of business in India. The Joint Venture Agreement provisions did not grant the petitioner management control over the respondent company. The court dismissed the application for rejection of the petition and did not award any costs. Case-Laws Companies Law Mon, 11 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213565