https://www.taxtmi.com/caselaws?id=199418 Where substantially overlapping company-law proceedings are pending before two competent fora, the later proceeding may be stayed to avoid conflicting outcomes and abuse of process. Applying the Board's inherent procedural power with guidance from Section 10 and Section 151 CPC principles, the proceedings before the Company Law Board were stayed until disposal of the earlier Gujarat High Court petition. On interim protection, the Board declined to continue the earlier ex parte restraints, but maintained corporate supervision by directing representation of the petitioners' group through an additional director and appointing an independent chairman to preserve the status quo and orderly management pending the High Court matter. en-us Mon, 28 Sep 1992 00:00:00 +0530 Wed, 28 Feb 2018 11:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199418 Where substantially overlapping company-law proceedings are pending before two competent fora, the later proceeding may be stayed to avoid conflicting outcomes and abuse of process. Applying the Board's inherent procedural power with guidance from Section 10 and Section 151 CPC principles, the proceedings before the Company Law Board were stayed until disposal of the earlier Gujarat High Court petition. On interim protection, the Board declined to continue the earlier ex parte restraints, but maintained corporate supervision by directing representation of the petitioners' group through an additional director and appointing an independent chairman to preserve the status quo and orderly management pending the High Court matter. Case-Laws Companies Law Mon, 28 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199418