Monday 1 September 2014

As respondent-Co. involved in criminal litigation couldn't be held guilty of defying CLB's order

CL: Where CLB had by order directed transfer of 1000 equity shares of Rs.1 of respondent No. 1 Company to petitioner, respondent No. 1 Company having not transferred said shares could not be held guilty for wilful disobedience of order passed by CLB in view of fact that respondent No. 1 Company and its officers were involved in a criminal litigation filed by respondent No.2 herein for issuing 1000 shares to petitioner


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