https://www.taxtmi.com/caselaws?id=460074 A petition seeking investigation into the affairs of a transferor bank was held to have no surviving basis once the scheme of amalgamation had been sanctioned and the merger had attained finality. The court noted that the challenge to the merger had already failed before the Supreme Court, so the substantive grievance against the transferor entity had ceased to exist. It also reiterated that an appeal under Section 10F of the Companies Act, 1956 lies only on a question of law arising from the Company Law Board's order. On that footing, the Company Law Board was correct in treating the petition as infructuous. en-us Fri, 20 Sep 2013 00:00:00 +0530 Fri, 10 Jan 2025 12:37:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460074 A petition seeking investigation into the affairs of a transferor bank was held to have no surviving basis once the scheme of amalgamation had been sanctioned and the merger had attained finality. The court noted that the challenge to the merger had already failed before the Supreme Court, so the substantive grievance against the transferor entity had ceased to exist. It also reiterated that an appeal under Section 10F of the Companies Act, 1956 lies only on a question of law arising from the Company Law Board's order. On that footing, the Company Law Board was correct in treating the petition as infructuous. Case-Laws Companies Law Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460074