before the company law board - Company Law Board Mumbai Bench

9to and have to be formally transferred in favour of the Gyandev SadhGroup.5. To resolve the disputes and differences between thepetitioners and the respondents, the above family arrangement cameto be arrived at. It is an admitted fact that the Bazzardev Sadh Groupand the Gyandev Sadh Group held certain, inter alia, immovableproperties, either in the individual names of the members of thefamily or in the name of partnership firms or limited companies.Certain disputes and differences arose between the parties, inter alia,in respect of such immovable properties. The parties referred suchdisputes and differences to the mediation of their family Advocate &Solicitors and their family Chartered Accountants for division and/orsegregation and/or separate allotment of such properties, among thesaid 2 brothers and their respective family members. Pursuant to suchmediation, family arrangement/settlement was arrived at between theBazzardev Sadh Group and the Gyandev Sadh Group, whereby siximmovable properties were divided and/or segregated andconsequently allotted to the Bazzardev Sadh Group and the GyandevSadh Group. The heads or main features of such familyarrangement/settlement have been recorded in writing byMemorandum duly signed by the parties and such familyarrangement/settlement has been substantially implemented. Pursuantto such family arrangement/settlement and in implementation thereof,CP 15/2008P Exports