Court Affirms ITNL's Status as "Member" Eligible for Action under Companies Act Sections 111A, 397, 398, 399.

Maintability of appeal - It would be unsafe to match the colour of one case with that of the other indiscriminately - CLB was right in its view that ITNL was a “member” for the purpose of maintaining an action under sections 111A, 397 and 398, 399 read with sections 402 and 403 of the Companies Act. - HC .....

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