2015 (10) TMI 2784 - HC - Companies Law

Payment of salary and perquisites to the Respondent - HELD THAT - The impugned order of the CLB dated 26 March 2004 is set aside and the matter is remanded to the CLB for a fresh hearing in accordance with law on the question of payment of salary and perquisites to the Respondent, who is the original Petitioner before the CLB.

Summary

The High Court Bombay High Court set aside the CLB's order dated 26 March 2004 and remanded the matter for a fresh hearing on the payment of salary and perquisites to the Respondent. The company must issue notices of board meetings to the Respondent. Valuers are appointed to determine the valuation of the Respondent's share within two months.