T. Vinayaka Perumal vs T.Balan on 29 April, 2011
34. Learned counsel for the respondents 1 to 4 has also placed reliance on the judgment of the Hon'ble Delhi High Court in the case of B.R.Kundra and others vs. Motion Pictures Association and others, (1978) Vol.48 Comp.Cases. 564 to contend that the Company Law Board is competent to deal with the situation arising from events occurring during pendency of petition to contend, that Court can take into the transfer qua property of the company in favour of the appellant, during proceedings.