LAW FOR ALL

Company petitions - Dream Project - Joint venture - disputes arose - company Law board order to maintain status quo pending main - becomes final - civil case turned as criminal case on ground of forged records filed petitions under sec.340 Cr.P.C. - a prayer was offered to put an end to the litigation - compromise effects not fertiled - Apex court held that In a situation like this, we are of the opinion that more appropriate orders would be to direct the parties to maintain status quo in the meantime, during the pendency of the aforesaid company petition before the CLB. However, we make it clear that if any exigency arises necessitating some interim orders, it would be open to the parties to approach the CLB for appropriate directions. Both these petitions are disposed of in the aforesaid terms. All other pending I.As including criminal contempt petitions and petitions filed under Section 340 Cr. PC are also disposed of as in the facts of this case, we are not inclined to entertain such application. No costs.= Mr. Vikram Bakshi & Ors. …. Petitioner (s) versus Ms. Sonia Khosla (Dead) By Lrs. …. Respondent = 2014(May.Part) http://judis.nic.in/supremecourt/filename=41517