Judgment :-

Altamas Kabir, J.

1.1. These Special Leave Petitions have been taken up for final disposal at the admission stage itself. SLP(C)Nos.1069-1071 of 2009 have been filed by Ram Parshotam Mittal and Mrs. Sarla Mittal, who were the Respondent Nos.2 and 3 in FAO(OS)No.282 of 2005 and Appellant Nos.2 and 3 in FAO(OS)Nos.426 and 440 of 2008, against the common judgment dated 14th January, 2009 passed by the Division Bench of the Delhi High Court in the above-mentioned appeals. SLP(C)Nos.9212-9214 of 2009 have been filed by M/s. Hillcrest Realty Sdn. Bhd., which was the appellant in FAO(OS)No.282 of 2005 and the Respondent No.1 in FAO(OS)Nos.426 and 440 of 2008, against the same judgment.

2.2. Although, the Special Leave Petitions mainly involve the interpretation and application of Section 87(2)(b) and Section 90(2) and other connected provisions of the Companies Act, 1956, to the facts of this case, it is necessary to briefly set out the said facts to appreciate the background in which the said questions have arisen.

.3. M/s. Hotel Queen Road Pvt. Ltd, which is the proforma Respondent No.3 in all these Special Leave Petitions, was incorporated as a Special Purpose Vehicle from 2