https://www.taxtmi.com/caselaws?id=244168 The court upheld the Company Law Board's decision to vacate the interim order, emphasizing the Board's wide discretionary powers under the Companies Act, 1956. The court clarified that the Board is not bound by criminal court decisions but can consider them as relevant facts. The appeal was dismissed, with parties bearing their own costs, as the court found no merit in the appellant's contentions regarding the Board's actions and consideration of the closure report. en-us Mon, 17 Feb 2014 00:00:00 +0530 Wed, 19 Feb 2014 16:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244168 The court upheld the Company Law Board's decision to vacate the interim order, emphasizing the Board's wide discretionary powers under the Companies Act, 1956. The court clarified that the Board is not bound by criminal court decisions but can consider them as relevant facts. The appeal was dismissed, with parties bearing their own costs, as the court found no merit in the appellant's contentions regarding the Board's actions and consideration of the closure report. Case-Laws Companies Law Mon, 17 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244168