VALMIKI J. MEHTA, J.

I.A. No. 13785/2017 (for exemption)

1. Exemption allowed, subject to all just exceptions.

I.A. stands disposed of.

CS(OS) No. 628/2017 and I.A. No. 13784/2017 (for stay)

2. This suit for declaration is filed by the plaintiff seeking the relief that the plaintiff be declared as a lawful joint owner of 9,95,000 shares as detailed in the prayer clause as also para 1 of the plaint. The 9,95,000 shares of which plaintiff claims declaration to be a lawful joint owner is of the defendant no.1 company. Plaintiff is seeking the relief of holding the plaintiff to be a lawful joint owner with the defendant no. 2 in the suit Sh. Sanjay Gupta.

3. As per the plaint, plaintiff pleads that the plaintiff was allotted 9,95,000 shares in the defendant no. 1 company on account of the plaintiff being involved with the project of the defendant no. 1 company since its inception being the project of recycling of PET plastic bottles for converting the same into polyester fiber. Plaintiff pleads that he was the original shareholder along with the defendant nos. 2 and 3 for 5000 shares of face value of Rs.10 each and that thereafter the plaintiff along with defendant no. 2 as a joint