( 1 ) THE parties are common. The grievance is similar. The reliefs sought are identical. Therefore, these petitions are disposed of by this common order.

( 2 ) ). It is now well settled law that the writ jurisdiction of the High Court under Art. 226of the Constitution, is a discretionary jurisdiction and even in cases, where an authority is amenable to the High Court's jurisdiction under Art. 226, the High Court may decline to exercise that jurisdiction on principles of justice, equity or good conscience including waiver or acquiescence or any other laches on the petitioners part or particularly, on grounds that the matter involves an adjudication of disputed facts, necessitating a detailed enquiry by taking and appreciating oral, or documentary evidence adduced, or most likely to be adduced by the parties or there is an alternative and equally efficacious remedy for redressal of the wrong complained of or the writ petition has been filed after considerable delay.

( 3 ) PETITIONERS 1 and 2 were shareholders and Ex-Directors of M/s. Dhanlaxmi Gining Industries Pvt. Ltd. and M/s. Vinayak Pressing Industries Pvt. Ltd. , located at Raichur. The branch office of Karnatak