JUDGMENT

Debangsu Basak, J. - In a suit for declaration and injunction, the plaintiffs have sought interim order of injunction in respect of specified shares of certain legal entities on which the plaintiffs claim pledge.

2. Learned Senior advocate appearing for the plaintiffs has submitted that, the plaintiff No. 1 is a mutual fund scheme established in accordance with the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996 and is a trust registered under the provisions of the Indian Trust Act, 1882. He has submitted that, the plaintiff No. 2 is an asset management company. He has drawn the attention of the court to the transactions that the plaintiffs had with the defendant Nos. 1 to 4. He has submitted that, that the defendant Nos. 1 to 4 comprise the Williamson Magor Group. He has submitted that, the defendant Nos. 5 and 6 are the promoters and directors of the defendant Nos. 1 to 4. The defendant Nos. 1 to 4 had obtain credit facilities from the plaintiffs and as security for the repayment of such credit facilities. The defendant Nos. 1 to 4 had inter alia agreed to pledge specified shares of specified legal entities in favour of the plaintiffs. He has referr