JUDGMENT - Dr. CHANDRACHUD D.Y., J.:---Admit. Respondents waive service. By consent taken up for hearing and final disposal forthwith.

2. In these proceedings under section 9 of the Arbitration and Conciliation Act, 1996, the following reliefs have been prayed for and urged before this Court in the submissions.

(i) An injunction restraining the first respondent, from giving effect to or acting upon the resignation tendered by the second, third and fourth respondents from the Board of Directors of the first respondent;

(ii) An injunction restraining the first respondent, from giving effect to the Resolution of the Board of Directors dated 20th August, 2002 purporting to appoint the fifth and sixth respondents as Directors of the first respondent; and

(iii) An injunction restraining the first respondent, from acting upon the resolution dated 6th September, 2002 of the Board of Directors purporting to pass the annual accounts of the first respondent.

3. A Subscription-cum-Shareholders Agreement was entered into on 25th March, 2000 by and between the petitioners, the first respondent which is a company incorporated under the Companies Act, 1956 and the second respondent amongst other pa

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