UMESH C.BANERJEE, SOHAN LAL SORAF
URMILA BHARUKA – Appellant
Versus
COVENTRY SPRING AND ENGINEERING CO. LTD. – Respondent
( 1 ) THIS stay petition is directed against an order of the learned trial judge dismissing the interlocutory application in the civil suit filed by the appellant herein. Be it recorded that the plaintiff-appellant instituted the suit with a prayer for leave under Order 1, Rule 8 of the Code of Civil Procedure, inter alia, for the following reliefs :" (a) Declaration that the company is not entitled to make any allotment of shares in favour of the applicants to the issue of shares offered to the public for subscription by the company pursuant to the prospectus dated February 24, 1993, and that the purported allotment of shares sought to be made by the company in respect of the said public issue on July 16, 1993, is illegal, null and void. (b) Declaration that the applicants including the plaintiff who had applied and subscribed, for shares of and in the company pursuant to the prospectus issued by the company dated February 24, 1993, are entitled to immediate refund of their application moneys along with interest accrued thereon as prescribed under the provisions of the Companies Act, 1956. (c) Decree for delivery up of the allotment of shares sought to be made by the
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