Manmohan Singh, J.

1. Urgent matter is received at 4.00 p.m.

2. The three Plaintiffs, namely, GTL Limited, Chennai Network Infrastructure Limited and GTL Infrastructure Limited, have filed the present suit for declaration and permanent injunction against the Defendants, namely, IFCI Limited and IFCI Financial Services Limited, seeking the following prayers:

a) This Hon'ble Court be pleased to declare that the said Notice dated 8th September, 2011 sent by Defendant No. 1 to Plaintiff No. 1 and 2 being contrary to and in violation of the provisions specified in Annex 4 of the CDR Master Circulate dated 1st July, 2011 issued by the Reserve Bank of India, Inter-Creditor Agreement, the Debtor Creditor Agreement and the same be declared as illegal, null and void;

b) This Hon'ble Court be pleased to pass a decree for permanent injunction against Defendant No. 1 restraining it from and selling the Pledged Shares during the operation of standstill as per the provisions of the CDR Master Circular dated 1st July, 2011 read with the Inter-Creditor Agreement and the Debtor Creditor Agreement;

c) The suit be decreed with exemplary costs; and

d) such further and other relief as the circumstance