Dalveer Bhandari, J.

( 1 ) BY this order, I propose to decide these three aforesaid applications. The basic facts involved in all these applications are identical in nature and they are recapitulated in the succeeding paragraphs.

( 2 ) THE following two suits were filed before this court - (1) Suit No. 1216/98 by (AEC Enterprises Ltd.) and (2) Suit No. 1218/98 by AEC (India) Ltd. , against M/s Peacock Chemicals Pvt. Ltd. and others. Both AEC Enterprises Ltd. and AEC (India) Ltd. , are in the management of Aptes. Both the plaintiff-companies are joint stock companies registered under the Companies Act, 1956. Mr. R. D. Apte and Sanjeev Apte are promoter directors in these companies. Defendants 1, 6 and 7 are for all practical purposes sister companies under the same management and being fully managed and controlled by defendant no. 2 Mr. S. C. Goel.

( 3 ) IT is stated in the plaintiffs suits that Mr. Sanjeev Apte came in contact with Mr. S. C. Goel a few years ago. Acquaintances slowly led to close social contact, and Mr. Goel gained personal confidence and trust of the Aptes and consequently in the year 1995, when the plaintiff companies were in need of funds, inter corporate depos

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