https://www.taxtmi.com/caselaws?id=185721 The Company Law Board (CLB) dismissed the petition, finding it valid under Section 250(1) but not under Sections 250(3) and 250(4). No grounds were found for imposing restrictions under Section 250(2) or ordering an investigation under Section 247(1A). The CLB concluded that the petition lacked genuineness and appeared to be instigated by the company. As a result, the interim order from January 27, 1995, was vacated, and no costs were awarded. en-us Tue, 06 Feb 1996 00:00:00 +0530 Wed, 24 Aug 2016 14:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185721 The Company Law Board (CLB) dismissed the petition, finding it valid under Section 250(1) but not under Sections 250(3) and 250(4). No grounds were found for imposing restrictions under Section 250(2) or ordering an investigation under Section 247(1A). The CLB concluded that the petition lacked genuineness and appeared to be instigated by the company. As a result, the interim order from January 27, 1995, was vacated, and no costs were awarded. Case-Laws Companies Law Tue, 06 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185721