https://www.taxtmi.com/caselaws?id=265680 The Company Law Board dismissed the company petition in C.A.No.165 of 2011, ruling that the share transfers were valid as per the agreement between the parties. The appellants' fraud allegations were not within the Board's jurisdiction, which is limited to summary matters. The Court emphasized that complex disputes like fraud should be addressed in civil court before seeking rectification from the Company Law Board under Sections 111A and 155 of the Companies Act, 1956. The judgment granted the appellants liberty to pursue appropriate remedies in the civil court for resolution of the fraud allegations. en-us Wed, 11 Mar 2015 00:00:00 +0530 Wed, 14 Oct 2015 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265680 The Company Law Board dismissed the company petition in C.A.No.165 of 2011, ruling that the share transfers were valid as per the agreement between the parties. The appellants' fraud allegations were not within the Board's jurisdiction, which is limited to summary matters. The Court emphasized that complex disputes like fraud should be addressed in civil court before seeking rectification from the Company Law Board under Sections 111A and 155 of the Companies Act, 1956. The judgment granted the appellants liberty to pursue appropriate remedies in the civil court for resolution of the fraud allegations. Case-Laws Companies Law Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265680