https://www.taxtmi.com/caselaws?id=199754 The court affirmed the Company Law Board's jurisdiction to order property transfer under Sections 397 and 398 of the Companies Act without requiring a deed of conveyance or registration. The appeal challenging the enforceability of the compromise scheme was dismissed, emphasizing the CLB's broad powers to address oppression and mismanagement effectively. The court held that the CLB's order, based on the compromise scheme, was valid and maintainable, emphasizing the immediate and effective nature of the CLB's remedies in such matters. en-us Fri, 13 Jan 1995 00:00:00 +0530 Mon, 12 Mar 2018 11:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199754 The court affirmed the Company Law Board's jurisdiction to order property transfer under Sections 397 and 398 of the Companies Act without requiring a deed of conveyance or registration. The appeal challenging the enforceability of the compromise scheme was dismissed, emphasizing the CLB's broad powers to address oppression and mismanagement effectively. The court held that the CLB's order, based on the compromise scheme, was valid and maintainable, emphasizing the immediate and effective nature of the CLB's remedies in such matters. Case-Laws Companies Law Fri, 13 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199754