CLB judgment
Lok Adalat Commences in Company Law Board
Company Law - To mitigate the hardship of small investors and to expedite disposal of cases pending before the Company Law Board the first ever Lok Adalat was successfully held at the Company Law Board, Mumbai Bench at Mumbai on 07-12-2013....
Read MoreCLB Action Streamlines Notarial Malpractices in NCT Delhi
Company Law - ompany Law Board while passing an order in the matter of Shri Rupak Gupta & Others v. M/s. Banaras House Pvt. Limited has taken a very serious note of the serious breach of duty by Notaries in the capital while attesting affidavits (like affidavits having blank spaces, non disclosure of the identity of the person signing the affidavits, n...
Read MoreMaytas to file review petition with CLB to induct four directors of Saudi Bin Ladin Group
Company Law - Maytas Infra on Thursday said it would file a review petition with the Company Law Board which recently rejected the company's proposal to induct four directors of Saudi Bin Ladin Group on its board. ...
Read MoreMahindra Satyam keeping its investors in dark over details of its performance
Company Law - Engineering and construction major Larsen &Toubro (L&T) is not happy with Mahindra Satyam (erstwhile Satyam Computer Services) for keeping its investors in the dark over details of its performance. Pune-based Tech Mahindra, the information technology arm of the Mahindra & Mahindra group, owns 42.67 per cent in the company....
Read MoreSupreme Court dismissed plea challenging takeover of Satyam by Mahindra group
Company Law - The Supreme Court on Monday dismissed a petition challenging the Company Law Board's order facilitating takeover of the scam-tainted Satyam Computers by the Mahindra group and allowed the IT firm to go ahead with the process to rope in a strategic investor through a public auction. A Bench headed by Chief Justice K G Balakrishnan dismisse...
Read MoreNon-transparent functioning amounts to oppression & mismanagement in affairs of company
Pravin Jain Vs Diastar Jewellery (P.) Ltd. (Company Law Board, Mumbai) - Non-transparent functioning of the R-I Company is evident from the correspondence produced by the petitioners who have been denied access to the statutory Records and the A/c books despite holding 52.94%, shares in the R-I Company. Huge amounts owed by Diastar Inc. USA to the R-I Company, admitte...
Read MoreS. 397 pettition – Investors may either become members as per initial understanding or can receive back their investments
Aman Goel Vs EileenTech Communications (I) (P.) Ltd. (Delhi, Company Law Board) - CP No 18/07 stands disposed off in the above terms. All CAs stand disposed off. All interim orders stand vacated. No order as to cost. The B.O New Delhi, Bench to send a copy of this order to R-10 & R-11 at their new address at 207-Gaur Green Avenue, Abhay Khand-II, Indirapuram, Ghaziabad, U.P....
Read MoreResolution sent by shareholder to abuse process of law and to gain needless publicity for defamatory matter could not be published & circulated
Torrent Power Ltd. Vs Sureshchandra V. Parekh (Mumbai, Company Law Board) - It is noted that Shri Suresh Chandra V. Parekh and Smt. Nilaben S. Parekh jointly hold ten equity shares of Rs.100/- each under a common share certificate in HDFC Ltd. They requested for splitting of the said one share certificate into ten certificates of one share each. HDFC Ltd. acceded to their r...
Read MoreROC may ask company to make good the default in filing from No. 8
Royal Bank of Scotland N.V. (RBS) Vs Caohe Technologies (P.)Ltd. (Mumbai, Company Law Board) - In the instant case, the respondent-company failed to file Form No. 8 with the concerned RoC. Therefore, the RoC, is directed to exercise his powers under section 234(1) by calling information with regard to filing of Form No. 8 and direct the respondent-company to make good the default in non-filin...
Read MoreA member can ask for inspection of Companies record any time after he became Member
Rajendra G. Patel Vs Sanghi Industries Ltd. (Chennai, Company Law Board) - The statute provides a right to the member or debenture-holder for inspection of the statutory registers and records as contemplated u/s 163 of the Act. The inspection is allowed to a member or debenture-holder without fee and any other person on payment of such sum as may be prescribed for each ins...
Read MoreGovt. proposes merger of NSEL with FTIL
NA - The Central Government proposes to issue the following Order (presently in the Draft form) causing Amalgamation of National Spot Exchange Limited with its Holding Company Financial Technologies (India) Limited...
Read MoreRecent Posts in "CLB judgment"
Govt. proposes merger of NSEL with FTIL
NA -
Lok Adalat Commences in Company Law Board
Non-transparent functioning amounts to oppression & mismanagement in affairs of company
Pravin Jain Vs Diastar Jewellery (P.) Ltd. (Company Law Board, Mumbai) -
S. 397 pettition – Investors may either become members as per initial understanding or can receive back their investments
Aman Goel Vs EileenTech Communications (I) (P.) Ltd. (Delhi, Company Law Board) -
Resolution sent by shareholder to abuse process of law and to gain needless publicity for defamatory matter could not be published & circulated
Torrent Power Ltd. Vs Sureshchandra V. Parekh (Mumbai, Company Law Board) -
ROC may ask company to make good the default in filing from No. 8
Royal Bank of Scotland N.V. (RBS) Vs Caohe Technologies (P.)Ltd. (Mumbai, Company Law Board) -
A member can ask for inspection of Companies record any time after he became Member
Rajendra G. Patel Vs Sanghi Industries Ltd. (Chennai, Company Law Board) -
Issue of shares to reduce shareholding of petitioner shareholder-company after removing its directors without any notice is per se oppressive
Daksha Infra Build (P.) Ltd. Vs Rochees Resorts (India) (P.) Ltd. (Delhi, Company Law Board) -
Member having shareholding less then stipulated in sec.188 cannot seek resolutions to be included for circulation
If main petition is pending for adjudication, interim reliefs in the nature of main reliefs cannot be granted
Arun Amidwar Vs Grip Tight Packaging (India) (P.) Ltd. (Mumbai, Company Law Board) -
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