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GITESH RANJAN BHATTACHARJEE, BASUDEVA PANIGRAHI
Appeejay Private Ltd. – Appellant
Versus
Raghavachari Narasinhan – Respondent


JUDGMENT

G.R. Bhattacharjee, J. - This appeal is directed against the order and judgment dated the 12th July, 1989 passed by U.C. Banerjee, J. in Suit No. 747 of 1988, by which the learned Judge stayed the said suit and all proceedings thereunder till the final disposal of the Complaint Case Nos. 1233 of 1988 and 1488 of 1988 including the Park Street Police Station Case No. 455 dated the 27th July, 1988. The plaintiff-Company (the appellant herein) filed the said suit on the allegation that the defendant Nos. 1 and 2 (that is, the respondent Nos. 1 and 2 herein) jointly carried on business as share and stock brokers and that, during the period April, 1984 to April, 1985 the plaintiff paid a sum of Rs. 1,98,00,000/- to the defendant Nos. 1 and 2 for the purpose of acquiring shares in various Companies and with specific instructions to do so including 3,51,300 shares of the defendant No.3 (Mahindra and Mahindra Ltd.) of the value of Rs. 1,39,34,513/- to be purchased in the name of plaintiff or its nominee. It was also the allegation of the plaintiff that the defendant Nos. 1 and 2 purchased the said 3,51,300 shares in the Mahindra and Mahindra Ltd. for and on behalf of the plaintiff

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