https://www.taxtmi.com/caselaws?id=240563 The Court dismissed the appeal seeking a stay of proceedings in a company petition until the resolution of a civil suit for partition of joint properties. It held that the issues in the company petition and civil suit were not substantially the same, emphasizing the independence of the company as a separate legal entity. The Court affirmed the exclusive jurisdiction of the Board in matters of oppression and mismanagement under the Companies Act, 1956, and rejected the appellants' request for a stay, allowing the proceedings in the company petition to continue. en-us Tue, 01 Oct 2013 00:00:00 +0530 Sat, 07 Dec 2013 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240563 The Court dismissed the appeal seeking a stay of proceedings in a company petition until the resolution of a civil suit for partition of joint properties. It held that the issues in the company petition and civil suit were not substantially the same, emphasizing the independence of the company as a separate legal entity. The Court affirmed the exclusive jurisdiction of the Board in matters of oppression and mismanagement under the Companies Act, 1956, and rejected the appellants' request for a stay, allowing the proceedings in the company petition to continue. Case-Laws Companies Law Tue, 01 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240563