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2002 Supreme(Mad) 389

N.V.BALASUBRAMANIAN
Amalgamations Ltd. – Appellant
Versus
Shankar Sundaram – Respondent


Advocates Appeared
Mr. Anil B. Divan, Senior counsel & Mr. S.Ganesh, Senior Counsel for M/s.S.Ramasubramaniam & Associates for Appellant. Mr.Arvind P.Datar, Senior Counsel for M/s.Gupta & Ravi for Respondent.

Judgment :

1. This appeal is preferred against that part of the order of the Company Law Board rejecting certain preliminary objections raised by the appellant and also against the order where the Company Law Board has not dealt with certain preliminary objections raised by the appellant and also against certain directions given by the Company Law Board in its order.

2. The respondent herein has preferred a company petition, C.P.No.94 of 1999 before the Company Law Board under sections 397 and 398 of the Companies Act against the appellant herein and also against other 22 persons. The appellant herein has raised certain preliminary objections to the effect that in a company petition under sections 397 and 398 of the Companies Act against the holding company, no relief can be granted in respect of the management of subsidiary companies. The Company Law Board, by the impugned order has upheld certain preliminary objections raised by the appellant and directed deletion of the names of subsidiaries and directors from the array of party/respondents in the company petition. As against that part of the order of the Company Law Board, the respondent herein has preferred an appeal in C.M.A.N
























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