Home Case Index All Cases Companies Law Companies Law + HC Companies Law - 2008 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (11) TMI 395 - HIGH COURT OF DELHITransfer of shares - right of third parties - Held that:- There can be no dispute with regard to the relevancy of the factual details relating to those who claim a right to shares in question or the jurisdiction of the Company Law Board to make such a direction in the light of the above discussion. Consideration of such a request be only after giving an opportunity to the other side i.e., the present appellant to object to the same. The Company Law Board has to consider whether such order can be legally passed. The rights of the third parties would require to be considered. Certainly details of information sought to be produced has to be furnished to the appellant and he is legally entitled to be heard before an order of production can be passed on the issue. Accordingly, the order dated 8-3-2007 is set aside and the matter is remanded for fresh consideration to the Company Law Board. The parties shall appear before the Company Law Board on 24-11-2008 at 3 p.m. for further directions.
|