( 1 ) THIS application had been made by Joginder Singh Palta for an order of injunction restraining the defendants. Time Travels P. Ltd, and others, from in any manner giving effect or further effect to the resolution, dated May 14,1982, restraining the defendants from interfering in any manner with the right of the petitioner to act as the managing director of defendant No. 1 and for other consequential reliefs.

( 2 ) IT was the petitioner's case that at all material times he was and still is the managing director of defendant No. 1. The company was incorporated on or about March 8, 1978, under the Companies Act, 1956, as a private company limited by shares. Defendants Nos. 2, 3 and 4 at all material times were and still are directors of defendant No. 1 and the petitioner along with the said directors constituted the board of directors of defendant No. I. The petitioner and defendants Nos. 2 and 4 were the first named directors of the company in its articles of association. According to the petitioner, he was duly appointed as the managing director of defendant No. 1 by the board of directors for the initial period of three years with effect from June 1, 1978,