LODHA R.M., J.: - The Maharashtra Power Development Corporation (MPDC) is the appellant; which we shall call "the petitioner". The company petition for diverse reliefs was filed by the petitioner under sections 397, 402, 403 and 406 of the Companies Act, 1956. In view of the events that had taken place subsequently, the company petition was permitted to be amended. In the amended company petition the petitioner prayed that it be declared that the affairs of the Dabhol Power Company (for short the company) were being conducted in the manner oppressive to the petitioner and prejudicial to the public interest; that it may be considered whether it was just and equitable that the company be wound up or any provision be made with regard to the conduct of the affairs of the company in future; that the respondent Nos. 4 and 5 be restrained from acting and representing as directors of the company; that respondent Nos. 6, 7, 8 and 9 be restrained from acting, representing or holding themselves to be the directors of the company; the respondent Nos. 4 and 5 be restrained from interfering and/or intermeddling with the management and affairs of the company in any manner whatsoever; that