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1999 Supreme(Bom) 841

S.H.KAPADIA, Y.K.SABHARWAL, A.P.SHAH
Rolta India Ltd. . and another – Appellant
Versus
Venire Industries Ltd. and others – Respondent


JUDGMENT - Y.K. SABHARWAL, C.J.:---The appellants are plaintiffs in the suit. They are aggrieved by the impugned Order dated 17th August, 1999 passed by the learned Single Judge declining to grant to them ad-interim order of injunction restraining the defendants from taking steps pursuant to or in implementation of the resolutions in respect of the allotment of rights shares and/or from appointing any Additional Directors on the Board of Directors of the First defendant - Company.

2.On the request of learned Counsel for the parties, considering the facts and circumstances of the case, we have taken up for decision the application filed in the suit for grant of interim injunction, (Notice of Motion No. 2696 of 1999) instead of only considering the question of grant of ad-interim injunction. In order to appreciate the rival contentions, facts, in brief, may be noticed as follows :---

3.Plaintiff No. 2 (Kamal K. Singh) is the Chairman of plaintiff No. 1-Company (for short 'RIL'), defendant No. 2 (Chetan K. Singh) is the Chairman and Managing Director of defendant No. 1-Company, which has three Directors on its Board of Directors. Defendant No. 3 is sought to be appointed as an Additiona




































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