https://www.taxtmi.com/caselaws?id=193474 The Court identified a conflict of interest between the holding company and its subsidiary due to the Court's control over the holding company's management. The subsidiary waived its objection to the Court's jurisdiction. The arrangement sanctioned by the Court under Section 391 of the Companies Act was deemed valid. R.P. Anand lacked authority to file the appeal for the subsidiary. The Court found the order dated February 7, 1974, appealable and dismissed the appeal against it, stating that the order was within the Court's powers under Section 392 of the Companies Act. en-us Fri, 27 Sep 1974 00:00:00 +0530 Mon, 31 Jul 2017 13:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193474 The Court identified a conflict of interest between the holding company and its subsidiary due to the Court's control over the holding company's management. The subsidiary waived its objection to the Court's jurisdiction. The arrangement sanctioned by the Court under Section 391 of the Companies Act was deemed valid. R.P. Anand lacked authority to file the appeal for the subsidiary. The Court found the order dated February 7, 1974, appealable and dismissed the appeal against it, stating that the order was within the Court's powers under Section 392 of the Companies Act. Case-Laws Companies Law Fri, 27 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193474