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2009 (7) TMI 756 - HC - Companies LawWhether the Company Law Board is not vested with the power to entertain preliminary objections? Held that:- Learned counsel for the respondents have not placed before this court any provision of Companies Act or Regulations (except regulation 44) which confers the power on the Company Law Board to decide the preliminary issues as per Order XIV, rule 2 of the CPC. It must, therefore, be held that the Company Law Board has no power to decide preliminary issues nor can exercise powers under CPC other than those conferred under section 10E(4C) of the Companies Act. Appeal allowed.
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