https://www.taxtmi.com/caselaws?id=299575 The Company Law Board (CLB) dismissed the petition alleging oppression and mismanagement under various sections of the Companies Act, 1956, as not maintainable due to parallel proceedings initiated by the petitioners in other fora. The CLB emphasized the doctrine of election, barring the petitioners from pursuing the same matter in different judicial forums. The court declined the petitioners' request for liberty to file a fresh suit on the same cause of action. Consequently, the CLB did not consider the allegations and dismissed the petition without costs. en-us Mon, 27 Jul 1998 00:00:00 +0530 Tue, 21 Dec 2021 12:36:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299575 The Company Law Board (CLB) dismissed the petition alleging oppression and mismanagement under various sections of the Companies Act, 1956, as not maintainable due to parallel proceedings initiated by the petitioners in other fora. The CLB emphasized the doctrine of election, barring the petitioners from pursuing the same matter in different judicial forums. The court declined the petitioners' request for liberty to file a fresh suit on the same cause of action. Consequently, the CLB did not consider the allegations and dismissed the petition without costs. Case-Laws Companies Law Mon, 27 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299575