https://www.taxtmi.com/caselaws?id=294699 The court dismissed the petition as the petitioner failed to meet the requirements of Section 399 of the Companies Act, 1956. The petitioner's shares were under litigation in a Partition Suit and attached by the Income Tax Department, preventing compliance with Section 399. The court granted liberty to file a fresh petition after obtaining necessary approvals or directions from the Central Government, Supreme Court, or Income Tax Department. The court disposed of the cases and vacated any stay orders, with no costs awarded. en-us Mon, 28 Jul 2014 00:00:00 +0530 Thu, 29 Apr 2021 10:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294699 The court dismissed the petition as the petitioner failed to meet the requirements of Section 399 of the Companies Act, 1956. The petitioner's shares were under litigation in a Partition Suit and attached by the Income Tax Department, preventing compliance with Section 399. The court granted liberty to file a fresh petition after obtaining necessary approvals or directions from the Central Government, Supreme Court, or Income Tax Department. The court disposed of the cases and vacated any stay orders, with no costs awarded. Case-Laws Companies Law Mon, 28 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294699