Vinod Krishan Khanna vs Amritsar Swadeshi Woollen Mills ...

The Supreme Court addressed the appeals concerning a Company Petition filed under sections 397 and 398 of the Companies Act, 1956. The court examined the validity of the orders passed by the Company Law Board regarding the valuation of shares and the exit of minority shareholders. The court upheld the CLB's decision, emphasizing the need for fair valuation and proper adherence to statutory provisions in corporate governance.