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    <title>1995 (2) TMI 461 - COMPANY LAW BOARD, NEW DELHI</title>
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    <description>The court held that the petition was maintainable under Section 111(4) of the Companies Act, 1956, rejecting arguments on time-barred nature and applicability to letters of allotment. The court clarified that Section 111 covers letters of allotment as evidence of entitlement to shares or debentures. It emphasized the availability of alternate remedies under sections 111(2) and 111(4). The issues of forfeiture and non-furnishing of details were deferred for subsequent hearings. The main petition was scheduled for a hearing on April 10, 1995.</description>
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      <title>1995 (2) TMI 461 - COMPANY LAW BOARD, NEW DELHI</title>
      <link>https://www.taxtmi.com/caselaws?id=199496</link>
      <description>The court held that the petition was maintainable under Section 111(4) of the Companies Act, 1956, rejecting arguments on time-barred nature and applicability to letters of allotment. The court clarified that Section 111 covers letters of allotment as evidence of entitlement to shares or debentures. It emphasized the availability of alternate remedies under sections 111(2) and 111(4). The issues of forfeiture and non-furnishing of details were deferred for subsequent hearings. The main petition was scheduled for a hearing on April 10, 1995.</description>
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      <pubDate>Tue, 07 Feb 1995 00:00:00 +0530</pubDate>
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