2008 (4) TMI 793

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....ndent ORDER Allowed subject to all just exceptions. Co.A.[SB] no.7/2008 and CA no.414/2008 The appellant, aggrieved by an order dated 31.1.2008 passed by the Company Law Board in CP no.114/2007 under Sections 397 and 398 of the Companies Act, 1956, has filed this appeal under Section 10 F of the Companies Act, 1956. Respondent no.1 company is represented by two sets of lawyers namely Mr.Vibhy....

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....ellant at Kasoli. The land was to be developed for the purpose of real estate. At the time agreement was executed on 31.03.2006, Mrs.Sonia Khosla [respondent no.3] was having 76% shareholdings in respondent no.1 company and she allegedly transferred 51% shareholdings in respondent no.1 company to Mr.Vikram Bakshi [respondent no.2] and allegedly agreed to transfer the balance shareholdings in terms....

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....14/2007 before the Company Law Board and alleged operation against her by the majority shareholders. The parties have agreed that the petition being CP no.114/2007 filed before the Company Law Board shall be withdrawn by Mrs.Sonia Khosla [respondent no.3] because the arbitration has already been invoked before deciding the present proceedings in terms of agreement dated 31.03.2006. Both the partie....