https://www.taxtmi.com/caselaws?id=285549 The Company Law Board (CLB) dismissed Company Applications Nos. 325 of 2006 and 201 of 2009, finding the petitioner qualified to maintain the petition under Sections 397/398. The CLB noted prima facie evidence of fraud and manipulation in share transfers and company records. The petitioner's allegations of oppression and mismanagement were upheld, with discrepancies in records supporting the claims. The CLB asserted jurisdiction to address the disputes, emphasizing its wide powers under Sections 397 to 409 of the Companies Act. The company petition was set for further hearing on August 19, 2009. en-us Thu, 02 Jul 2009 00:00:00 +0530 Fri, 17 Jan 2020 13:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285549 The Company Law Board (CLB) dismissed Company Applications Nos. 325 of 2006 and 201 of 2009, finding the petitioner qualified to maintain the petition under Sections 397/398. The CLB noted prima facie evidence of fraud and manipulation in share transfers and company records. The petitioner's allegations of oppression and mismanagement were upheld, with discrepancies in records supporting the claims. The CLB asserted jurisdiction to address the disputes, emphasizing its wide powers under Sections 397 to 409 of the Companies Act. The company petition was set for further hearing on August 19, 2009. Case-Laws Companies Law Thu, 02 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285549