Friday, 9 May 2014

Supreme Court directed parties to maintain status-quo of shareholding until matter was adjudged by C

CL : Where petitioner and respondent had entered into a joint venture agreement but due to disputes a petition under sections 397 & 398 of Companies Act, 1956 (Corresponding to section 241 of Companies Act, 2013) was filed before CLB which by an interim order directed to maintain status quo of shareholding, CLB was to be directed to decide company petition as only then rights of parties would be crystallized and during pendency of company petition before CLB parties were directed to maintain sta


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