UMESH CHANDRA BANERJEE, J.

( 1 ) 'mareva' Injunction is an established feature of English Law and the English Court has been categorical enough to record that there should not be any hesitation in the matter of such a grant where it appears likely that the plaintiff would recover judgment against the defendant for a certain or approximate sum and there is reason to believe that the defendant has the assets within the jurisdiction to meet the judgment but may deal with the same, so that they would not be available or traceable when the judgement is given against him. One of the basic criteria for the grant of Mareva Injunction is that the assets must be located within the jurisdiction to confer jurisdiction on the Court to grant a Mareva injunction. Be it noted that this concept of grant of Mareva Injunction is not different from the power of the High Court to grant interlocutory or final order of an injunction and under tis general power of jurisdiction to grant an ex parte injunction the English Court has developed a principle that the court has power to restrain the defendant from removing assets from the jurisdiction pending the trial of action whenever it was just and convenie

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