https://www.taxtmi.com/caselaws?id=385308 The appeal challenging an order passed in a Company Petition under sections 397/398/402 and 403 of the Companies Act, 1956, alleging oppression and mismanagement, was dismissed. The CLB affirmed its authority to regulate company affairs and grant interim relief under Section 403. The dispute involving family members resulted in the CLB directing the respondent company to release outstanding salaries to the applicant and not withhold future payments without permission. The impugned order was upheld as a valid exercise of powers under Section 403, with no grounds for intervention under Section 10F found. en-us Wed, 07 Aug 2019 00:00:00 +0530 Mon, 02 Sep 2019 20:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385308 The appeal challenging an order passed in a Company Petition under sections 397/398/402 and 403 of the Companies Act, 1956, alleging oppression and mismanagement, was dismissed. The CLB affirmed its authority to regulate company affairs and grant interim relief under Section 403. The dispute involving family members resulted in the CLB directing the respondent company to release outstanding salaries to the applicant and not withhold future payments without permission. The impugned order was upheld as a valid exercise of powers under Section 403, with no grounds for intervention under Section 10F found. Case-Laws Companies Law Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385308