Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2008 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (3) TMI 474 - HC - Companies LawMismanagement and oppression by the majority shareholders - Held that:- Learned Company Law Board noticed that the second petitioner, who is the managing director of the first petitioner was active in the management of APAKSH either as vice-chairman of the board or the member of project monitoring committee, that he signed as many as nine cheques, that he himself opposed the audit of previous year accounts by M/s. S. R. Batliboi and Associates and that the petitioners failed to bring in the final call money even after the learned Company Law Board passed orders on March 20, 2003, to that effect. These are matters which are questions of fact and were proved before the Company Law Board by necessary material. It is not, therefore, proper for this court to go into these matters, which are not contentious. The learned Company Law Board considered all the material for appreciating the facts, applied law and recorded findings correctly. The question of law, therefore, does not arise out of the said order. The company appeal is misconceived. Appeal dismissed.
|