CLB cannot exercise its inherent powers to pass orders without jurisdiction

SUMMARY OF CASE LAW The CLB cannot exercise its inherent powers to pass orders without jurisdiction or in utter disregard to orders passed by the Supreme Court or the High Court; an interim order passed by the CLB without jurisdiction and without giving reasons and in utter disregard to the orders passed by the Supreme Court and the High Court cannot be sustained. Appeal No.: Company Appeal No. 45 of 2009, In Company Application No. 138 of 2009, In  Company Petition No. 45/297-298/CLB/ MB/2009, With Company Application No. 847 of 2009 RELEVANT PARAGRAPH 3. The questions of law arising in th...