Dr. S. MURALIDHAR, J. :- CM No.8408/2007

Exemption allowed subject to all just exceptions.

FAO (OS) No. 206 of 2007 and CM 8407/ 2007

1. This appeal by the defendants is against an order dated 28-3-2007 passed by the learned Single Judge of this Court on the Original Side granting an ad interim ex parte injunction in favour of the plaintiff in an application under Order XXXIX, Rule 1 Code of Civil Procedure, 1908 (CPC) i.e. I. A. No. 3582/2007 in CS (OS) No. 570/2007. For the sake of convenience, the parties are referred to by their respective status in the suit.

Background Facts

2. The facts leading to the filing of the present appeal are that the plaintiff Company, M/s. Vasutech Ltd. having its registered office at Rewari, Haryana, approached the defendant No. 1 Company, registered in Delhi, for loans for funding its capital requirements for development of a chip called Versatile Component Unit (VCU). Defendant No. 1, is stated to have advanced amounts from time to time to the tune of Rs. 52.08 crores. A loan agreement dated 15-4-2005 was entered into between the appellant No. 1/defendant No. 1 company, plaintiff company, Mr. Dhruv Varma, Mr. R. L. Varma and Mr. R. L. Varma