MANMOHAN SINGH
Jute Investment Co. Ltd. – Appellant
Versus
Idbi Capital Market Services Ltd. – Respondent
Manmohan Singh, J.:-
1. By way of this common order, I propose to decide the two applications filed by the two respective plaintiffs in the suit for declaration and permanent injunction being common issue involved in the matter. The first suit was filed by M/s. Jute Investment Company Limited on 8th October, 2015 and summon and notice was issued for 12th October, 2015 and on 12th October, 2015, the second suit was filed by M/s. Rameshwara Jute Mills Ltd. M/s. Universal Cables Limited is the defendant No. 4 in CS (OS) No. 3082/2015 and is defendant No. 1 in CS (OS) No. 3105/2015 (hereinafter referred as company or defendant No. 1 for convenience).
2. The plaintiff has filed the above mentioned suit seeking inter alia the following reliefs:
“(a) Pass a decree declaring the Letter of Offer/ Abridged Letter of Offer both dated 14th September 2015 issued by Defendant No. 4 as unlawful, null and void ab-initio;
(b) Pass a decree of Permanent Injunction thereby injuncting the Defendants from proceeding with the Letter of Offer/ Abridged Letter of Offer both dated 14th September 2015 issued by Defendant No. 4;
(c) Pass necessary order staying the allotment of Right Shares until the e
Hanil Era Textiles Ltd. v. M/s Puromatic Filters (P) Ltd.
Midas Hygiene Industries P. Ltd. and Anr. v. Sudhir Bhatia & Ors.
Morgan Stanley Mutual Fund v. Kartik Das
Reliance is placed on Union of India v. Ibrahimuddin (2012) 8 SCC 148 [Para 43]
Swastik Gases Pvt. Ltd. v. Indian Oil Corporation Ltd
Whirlpool Corporation v. Registrar of Trade Marks, Mumbai & Ors.
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.