TMI Blog2010 (3) TMI 1254X X X X Extracts X X X X X X X X Extracts X X X X ..... The applications and the proposed appeals are in connection with a common order passed by the Company Law Board, Principal Bench, New Delhi in independent proceedings filed by the aspiring appellants under Section 235 of the Companies Act and under Sections 397 and 398 of the Companies Act. The Company Law Board found that no case had been made out for directing an investigation and it also fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the controlling shareholders are not disinclined to buy out the petitioners in the Company Law Board proceedings but they complain of the price that has been fixed by the Company Law Board and suggest that such price had been arrived at without any basis and relying only on the submission made by the petitioners at the Company Law Board. The petitioners before the Company Law Board suggest that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... balance expenses. Let the four sets of matters appear on April 30, 2010. The valuer's report should be completed and copies thereof forwarded to Advocates representing the company and Advocates representing the petitioners in the Company Law Board proceedings by April 23, 2010. Urgent certified photocopies of this order, if applied for, be supplied to the parties subject to compliance wi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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