https://www.taxtmi.com/caselaws?id=221557 The court held that the Company Law Board (CLB) cannot entertain an independent petition under Section 247(1A) of the Companies Act, 1956, as it must be part of ongoing proceedings. The expression "in the course of any proceedings before it" implies that Section 247(1A) should be exercised during existing proceedings. The court found the petition filed solely under Section 247(1A) to be not maintainable and dismissed it, setting aside the CLB's judgment. The appeal was allowed without imposing costs, recognizing the respondent's effort, albeit unsuccessful, to invoke the CLB's authority. en-us Wed, 12 Sep 2012 00:00:00 +0530 Fri, 15 Mar 2013 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221557 The court held that the Company Law Board (CLB) cannot entertain an independent petition under Section 247(1A) of the Companies Act, 1956, as it must be part of ongoing proceedings. The expression "in the course of any proceedings before it" implies that Section 247(1A) should be exercised during existing proceedings. The court found the petition filed solely under Section 247(1A) to be not maintainable and dismissed it, setting aside the CLB's judgment. The appeal was allowed without imposing costs, recognizing the respondent's effort, albeit unsuccessful, to invoke the CLB's authority. Case-Laws Companies Law Wed, 12 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221557