9911796707
TMI Blog2008 (4) TMI 793X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent ORDER Allowed subject to all just exceptions. Co.A.[SB] no.7/2008 and CA no.414/2008 The appellant, aggrieved by an order dated 31.1.2008 passed by the Company Law Board in CP no.114/2007 under Sections 397 and 398 of the Companies Act, 1956, has filed this appeal under Section 10 F of the Companies Act, 1956. Respondent no.1 company is represented by two sets of lawyers namely Mr.Vibh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pellant at Kasoli. The land was to be developed for the purpose of real estate. At the time agreement was executed on 31.03.2006, Mrs.Sonia Khosla [respondent no.3] was having 76% shareholdings in respondent no.1 company and she allegedly transferred 51% shareholdings in respondent no.1 company to Mr.Vikram Bakshi [respondent no.2] and allegedly agreed to transfer the balance shareholdings in term ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 114/2007 before the Company Law Board and alleged operation against her by the majority shareholders. The parties have agreed that the petition being CP no.114/2007 filed before the Company Law Board shall be withdrawn by Mrs.Sonia Khosla [respondent no.3] because the arbitration has already been invoked before deciding the present proceedings in terms of agreement dated 31.03.2006. Both the parti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or any interim relief, if felt necessary from time to time. The functioning of the respondent no.1 company shall be subject to the orders to be passed by the arbitral tribunal from time to time.
In view of the above, this appeal is not pressed by the learned Senior Counsel appearing on behalf of the appellant for any further relief.
This appeal stands disposed of . X X X X Extracts X X X X X X X X Extracts X X X X
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