D.V. Shylendra Kumar, J.—This is an appeal under Section 10F of the Companies Act, 1956 (for short "the Act") directed against the order dated November 30, 2009, passed by the Company Law Board, Additional Principal Bench, Chennai, purported to be in C.A. No. 35 of 2009 in pending Company Petition No. 41 of 2005 which is in the form of a memo filed by the company petitioners on July 14, 2009, seeking for the following prayers:

(A) To direct the present auditor Sri C.R. Murali's appointment as chartered accountant for verification process is withdrawn, forthwith.

(B) Direct an independent auditor from Bangalore be appointed from a panel of names to be suggested by the Karnataka Association of Chartered Accountants.

(C) Direct that the report of the verification and scrutiny for the purposes of quantification of misappropriation, fraud and defalcation of accounts of respondent No. 1 by respondent No. 2 be submitted by October 1, 2009.

(D) Pass such other and further orders that this hon'ble court may deem fit in the facts and circumstances of the case.

2. It was also accompanied by an affidavit sworn to by the first petitioner - the first appellant herein who is described as the m