9911796707
Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be discontinued on 31-07-2025
If you encounter any issues or problems while using the new portal,
please
let us know via our feedback form
so we can address them promptly.
Follow us:
|
Home
1989 (6) TMI 247 - HC - Companies Law
The High Court of Punjab and Haryana heard Company Petition No. 100 of 1988 under sections 397 and 398 of the Companies Act. An order was passed to restrain the transfer of company assets until further notice. A subsequent application was filed for vacation of the order, stating the company's improved financial situation and investment in new buses. The court directed the sale of buses through private negotiations overseen by a Local Commissioner, ensuring fair prices and shareholder rights. Shri B. K. Gupta was appointed as the Local Commissioner with a fee of Rs. 5,000.
|
