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    <title>2009 (4) TMI 1005 - COMPANY LAW BOARD, DELHI</title>
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    <description>The Board found Company Petition No. 118 of 2006 maintainable under Sections 397 and 398 of the Companies Act, 1956, despite challenges to the petitioners&#039; qualification. The Board held that the issue of qualification required a hearing on merits, as it was a mixed question of fact and law. The petitioners&#039; stake in the respondent-company was deemed arguable, leading to the dismissal of the challenge and directing the respondents to argue the company petition on its merits.</description>
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      <description>The Board found Company Petition No. 118 of 2006 maintainable under Sections 397 and 398 of the Companies Act, 1956, despite challenges to the petitioners&#039; qualification. The Board held that the issue of qualification required a hearing on merits, as it was a mixed question of fact and law. The petitioners&#039; stake in the respondent-company was deemed arguable, leading to the dismissal of the challenge and directing the respondents to argue the company petition on its merits.</description>
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