2008 (4) TMI 793

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sh , Mr.Saurabh Kalia for respondent 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 ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....development of the land owned by the appellant 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 tra....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....8 of the Companies Act, 1956 being CP no.114/2007 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 The parties have agreed that the petition being CP no.114/2007 filed before the Company Law Board shall be withdrawn by Mrs.Sonia Khosla [respondent no.3] because the arbitration has already been invoked before deciding the present proceedings in terms of a....