This appeal is filed under Section 10-F of the Companies Act, 1956 (for short the Act) challenging order dt.30-05-2016 in C.P. No. 36 of 2014 of the Company Law Board, Chennai Bench (for short the CLB).

THE RELIEF SOUGHT IN THE C.P.

2. The said C.P. was filed by the appellants before the CLB under Sections 111A, 237, 397, 398, 402, 403, 404 and 406 of the Companies Act, 1956 and Sec.58 and 59 of the Companies Act,2013 on 30-07-2014 complaining that certain acts of respondent Nos.2 to 9 are oppressive and prejudicial to the interest of M/s. Biological E. Limited (1st respondent) (hereinafter referred to as the Company); for a direction to supersede the Board of Directors of the said Company by appointing an Administrator and/or Special Officer to take over its management and affairs, as well as its assets and properties; alternatively to constitute a Committee consisting of representatives of the appellants to function as such Administrator and/or Special Officer; to declare as illegal, null and void, the Board Meetings of the Company held on 09-04-2013, 10-04-2013 and 11-0