https://www.taxtmi.com/caselaws?id=266983 The court held that the Company Law Board (CLB) lost jurisdiction once it disposed of the company petition, becoming functus officio. The doctrine of merger applied, making the High Court's appellate order the operative order. The valuation by the statutory auditor was deemed correct. Consequently, the CLB's order was set aside, and the appeal was allowed. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 28 Oct 2015 06:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266983 The court held that the Company Law Board (CLB) lost jurisdiction once it disposed of the company petition, becoming functus officio. The doctrine of merger applied, making the High Court's appellate order the operative order. The valuation by the statutory auditor was deemed correct. Consequently, the CLB's order was set aside, and the appeal was allowed. Case-Laws Companies Law Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266983