High Court of Judicature at Allahabad
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In The Matter Of Das'S Friends Builders (P) Ltd & Others v. D.C. Agarwal & Others - COMPANY APPEAL No. 2 of 2003  RD-AH 3918 (20 February 2006)
Hon. Sunil Ambwani, J.
In this pending company appeal against the order dated 29.8.2003 passed by the Company Law Board this Court has been repeatedly requesting the Board to decide the matter expeditiously. The order passed on 18.9.2003 have been reiterated many times in last three years with last orders passed on 5.10.2005, 7.11.2005 and 19.12.2005.
It is contended that the Company Law Board again extended the time for valuation of shares by 31.3.2006.
Let this be the last extension. In case the valuation is not made by that date, the Company Law Board made draw adverse inference and conclude the proceedings either way as it may consider proper.
The Company Law Board is reminded with the fact that any request made by the Court is to be treated as an order passed by the High Court and that the Company Law Board will do well to decide the matter, rather to repeatedly grant accommodation.
List on 17.4.2006.
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