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    <title>2006 (3) TMI 774 - COMPANY LAW BOARD, CHENNAI</title>
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    <description>The court held that the transfer of shares by respondents 2 to 6 to the seventh respondent was valid and compliant with the Articles of Association. The petitioner&#039;s request to rectify the register of members was denied as the transfer was deemed lawful, and the petitioner&#039;s pursuit of a civil suit indicated a waiver of certain claims. The court found the objections to jurisdiction unfounded, allowing the case to proceed without barring the petitioner from seeking relief. Ultimately, no costs were awarded, and the court proceeded to address the case on its merits.</description>
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    <pubDate>Wed, 22 Mar 2006 00:00:00 +0530</pubDate>
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      <description>The court held that the transfer of shares by respondents 2 to 6 to the seventh respondent was valid and compliant with the Articles of Association. The petitioner&#039;s request to rectify the register of members was denied as the transfer was deemed lawful, and the petitioner&#039;s pursuit of a civil suit indicated a waiver of certain claims. The court found the objections to jurisdiction unfounded, allowing the case to proceed without barring the petitioner from seeking relief. Ultimately, no costs were awarded, and the court proceeded to address the case on its merits.</description>
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