ORDER

Leave granted. We have heard learned counsel on both sides.

2. These appeals by special leave arise from the judgment of the Division Bench of the High Court of Himachal Pradesh, made on November 14, 1996 in RFA Nos. 230 and 231 of 1985.

3. The admitted position is that the respondents, Mrs. Surjeet Malhan and Mr. B.K. Malhan, wife and husband respectively, laid two suits for declaration and permanent and mandatory injunction. The learned single Judge of the High Court dismissed the suits. But on appeal, the Division Bench has decreed the suits. Thus, these appeals by special leave.

4. The first respondent, Mrs. Surjeet Malhan, held 1500 shares in total-900 in her name and 600 in the name of other relatives-and 10 preferential shares. The second respondent, B.K. Malhan, had held 2230 ordinary shares and 64 preferential shares. It would appear that there was an agreement between B.K. Malhan and Shri R.D. Bhagat, the appellant for transfer of the shares and completion of the transaction to put on rails the company which was running in losses. It would appear that as per the agreement, subsequent transactions were to be completed and in furtherance thereof, it appears that the share