Section 403 of the Act – an perfect example of corporate complications in a proceeding under section 397/398 of the Companies Act, 1956

High Court of Madras K. Balasundaram Vs Coromandel Engg. Co. Ltd. and Ors. Company Appeal No. 21 of 2010 and M. P. No. 1 of 2010 22 Sep 2010 JUDGEMENT K. Venkataraman, J:- Challenging the order dated July 12, 2010, made in Company Application No. 84 of 2010 in Company Petition No. 7 of 2009 (Coromandel Engineering Co. Ltd. v. Dr. K. Balasundaram [2010] 159 Comp Cas 561), of the Company Law Board, Chennai Bench and for setting aside the same, the present company appeal was filed. The short facts leading to the filing of the appeal put forth by the appellant, are set out hereund...