Mafatlal Industries Ltd. vs Gujarat Gas Co. Ltd. And Ors. on 24 October, 1997
47. Hence, in the opinion of this court, the aforesaid proposition propounded by this court in the case of Gulabrai Kalidas Naik v. Laxmidas Lallubhai Patel [1978] 48 Comp Cas 438 (Guj) and by the Supreme Court in Canara Bank v. Nuclear Power Corporation of India Ltd. [1995] 84 Comp Cas 70 will apply with full force to the jurisdiction of the Company Law Board under sections 111 and 111A of the Companies Act.