N. Kumar, J.— The Company Application No. 391 of 2007 is filed for several reliefs most of which have become infructuous because of the subsequent events. The only relief that requires to be considered is a direction to the company to execute the sale deed of the schedule property in favour of the applicant jointly with M/s. Canara Steel Limited represented by its Managing Director on passing of proper resolution in the board meeting to that effect in favour of the applicant or any of his nominees. By way of objection to the said application, company has stated that in the Annual General Meeting held on 26-9-1996 of M/s. Canara Steel Limited it was resolved to permit the Board of Directors of the Canara Steel Limited to dispose off the whole or part of the undertaking/assets of the Rolling Mills Division, Yeyyadi, Mangalore-575008. The copy of the same is produced at Annexure-R4. Further the company has filed a joint memo along with the application in Company Application No. 343 of 2007 as per Annexure-R6, under which it was mutually agreed between the parties that they would execute the registered sale deed jointly with M/s. Canara Steel Limited in respect of the schedule pro