P.P. Bopanna, J.—By my order dated August 11, 1988 (See Srikanta Datta Narasimharaja Wadiyar Vs. Venkateswara Real Estate Enterprises (Pvt.) Ltd. and Others, ILR (1989) KAR 2562 the preliminary objection as to the maintainability of the Company Petitions Nos. 32 and 67 of 1987 was overruled and the petitions were posted for grant of interim relief on September 2, 1988. Since the grant of interim relief is closely connected with the question of admission of these petitions, I have heard learned counsel on both these points. It may also be noticed that my order dated August 11, 1988 (See Srikanta Datta Narasimharaja Wadiyar Vs. Venkateswara Real Estate Enterprises (Pvt.) Ltd. and Others, ILR (1989) KAR 2562 , is pending in appeal in O.S.A. No. 10 of 1988 and, in the absence of any order by the Division Bench staying the operation of that order, there is no Bar for this court to here these petitions on the question of admission and interim relief.

2. Company petitions Nos. 32 and 67 of 1987 are filed by the petitioner under the provisions of sections 397 and 398 of the Companies Act, 1956 (in short "the Act"). Company Petitions Nos. 49 and 50 are filed by the very same petition