https://www.taxtmi.com/caselaws?id=306064 The Company Law Board (CLB) dismissed the petition, ruling that the Securities and Exchange Board of India (SEBI) holds exclusive jurisdiction over alleged breaches of the Takeover Code and Insider Trading Regulations. The CLB highlighted that the accusations were pending investigation and confirmation as legal violations. Referring to precedent, the CLB emphasized corporate democracy, declined interim relief, and permitted the annual general meeting to proceed without costs imposed. en-us Tue, 26 Aug 2008 00:00:00 +0530 Sat, 07 Jan 2023 15:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306064 The Company Law Board (CLB) dismissed the petition, ruling that the Securities and Exchange Board of India (SEBI) holds exclusive jurisdiction over alleged breaches of the Takeover Code and Insider Trading Regulations. The CLB highlighted that the accusations were pending investigation and confirmation as legal violations. Referring to precedent, the CLB emphasized corporate democracy, declined interim relief, and permitted the annual general meeting to proceed without costs imposed. Case-Laws Companies Law Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306064