A.K. Pathak, J.

1. Plaintiffs have filed this suit against the defendants for recovery of Rs.2,14,66,030/- together with pendent lite and future interest @ 18% per annum; for declaration that the properties, as detailed in Annexure 7 “collectively” and Annexure 12, are the properties purchased from the funds of plaintiffs and defendants have no right, title or interest therein; a decree of permanent injunction to the effect that defendants be restrained from selling, transferring, mortgaging or alienating the said properties.

2. Case of the plaintiffs, as set out in the plaint, is that plaintiff no. 1 was a private limited company having its office at P. Buck Ref 101, 3315 BB Dordrecht, Netherlands. Shri Nico de Deugd was the sole shareholder/director/principal officer of plaintiff no.1, thus, was competent to sign and verify the plaint on behalf of the plaintiff no. 1. Plaintiff no.2 was a company having its office at Chavornay, Switzerland and Shri Thomas Bliesener was its director, thus, was competent to sign, verify and initiate legal proceedings on behalf of the plaintiff no.2. Defendant no.1 was sole proprietor of M/s V3M Transworld. Defendant no. 3 was a partnership fi