https://www.taxtmi.com/caselaws?id=198451 Where a share allotment dispute is part of a rehabilitation scheme sanctioned or pending before BIFR or AAIFR, the Company Law Board lacks jurisdiction to set aside that allotment because the sick-company regime and Section 26 of the Sick Industrial Companies Act, 1985 place that controversy within the special fora. At the same time, allegations of oppression, mismanagement, and statutory violations that are independent of the allotment challenge are not barred merely because the allotment issue is pending before the sick-company authorities. Those separable grievances may be bifurcated and decided by the Company Law Board under Sections 397 and 398 of the Companies Act, 1956. en-us Tue, 20 Sep 2005 00:00:00 +0530 Wed, 31 Jan 2018 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198451 Where a share allotment dispute is part of a rehabilitation scheme sanctioned or pending before BIFR or AAIFR, the Company Law Board lacks jurisdiction to set aside that allotment because the sick-company regime and Section 26 of the Sick Industrial Companies Act, 1985 place that controversy within the special fora. At the same time, allegations of oppression, mismanagement, and statutory violations that are independent of the allotment challenge are not barred merely because the allotment issue is pending before the sick-company authorities. Those separable grievances may be bifurcated and decided by the Company Law Board under Sections 397 and 398 of the Companies Act, 1956. Case-Laws Companies Law Tue, 20 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198451