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    <title>2011 (8) TMI 969 - COMPANY LAW BOARD, NEW DELHI</title>
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    <description>The court held that the company petition was maintainable as the petitioners provided sufficient evidence of their shareholding and eligibility under section 399 of the Companies Act, 1956. The issue of qualification was deemed a mixed question of fact and law, necessitating further hearings on the merits. Consequently, the application challenging the maintainability of the company petition was dismissed, and the case was scheduled for arguments on the substantive issues. No costs were awarded in the matter.</description>
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      <description>The court held that the company petition was maintainable as the petitioners provided sufficient evidence of their shareholding and eligibility under section 399 of the Companies Act, 1956. The issue of qualification was deemed a mixed question of fact and law, necessitating further hearings on the merits. Consequently, the application challenging the maintainability of the company petition was dismissed, and the case was scheduled for arguments on the substantive issues. No costs were awarded in the matter.</description>
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