1999 Supreme(Bom) 564
S.H.KAPADIA, Y.K.SABHARWAL
Ali Jawad Ameerhasan Rizvi and others – Appellant
Versus
Indo French Biotech Enterprises Ltd. and others – Respondent
JUDGMENT - Y.K. SABHARWAL, C.J.:---This petition, in public interest, was filed in February, 1998 and is pending since then. Orders passed from time to time clearly show that hours and hours of Court time were spent on consideration of the grievances made by the petitioners. The petitioners are four in number. As many as 16 reliefs have been claimed. There are 15 respondents including Minerals Metal Trading Corporation Limited, Securities Exchange Board of India, Commissioner of Police, Criminal Bureau of Investigation, Reserve Bank of India and Union of India. In substance, the petitioners' grievance as set out in the writ petition is that they had invested huge amounts in 'Project Grape Investment Scheme' of respondent No. 1 and they were forced by respondent No. 3 to accept equity shares of respondent No. 2 in lieu of surrender of their investment in respondent No. 1 Company. They say that rosy picture of high returns was shown to them by respondent No. 3 because of which they were lured and various investors have lodged complaints with the Commissioner of Police, on 22nd December, 1997. Complaint dated 22nd December, 1997 lodged by petitioner No. 4 with the Deputy Commissi
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