MANISH MOHAN SHARMA vs RAM BAHADUR THAKUR LTD. .

The Supreme Court addressed the disputes between the CBS Group and the MMS Group regarding the management of Ram Bahadur Thakur Ltd. under Sections 397 and 398 of the Companies Act, 1956. The Court upheld the Company Law Board's decision to vest five tea estates and certain assets in the MMS Group as part of a family settlement, emphasizing the need for fair and equitable resolution of intra-family disputes. The Court confirmed the order of the Company Law Board, which included the appointment of an independent auditor to verify financial figures related to the settlement.