( 1 ) THE first respondent-Multi Tech Computers Private limited (for short the Indian Company ) is a company dealing with modems and other related data communication products. The petitioner-Shri Mihir Chakraborty is a shareholder of the indian Company and functioned as the Managing Director thereof. Second respondent-Dr. Raghu Sharma, a shareholder of the Indian Company, operates Multi Tech Systems Inc. in u. S. A. (for short the foreign company ) which manufactures and markets modems. The third respondent-Shri S. P. Sharma, a shareholder of the Indian Company, is also its Joint Managing director. The first respondent was incorporated in September 1980 with the objects of manufacturing, making, buying, selling, importing, exporting, distributing, introducing or otherwise dealing in computers, data communication equipments and business machines. Originally it was registered at bombay. Subsequently, the provisions of memorandum of association with respect to the place of registered office were amended and the registered office was changed from the state of Maharashtra to the Union Territory of Delhi.

( 2 ) THE authorised capital of the company is Rs. 6. 00 lakhs divi