JUDGMENT

Sanjeev Narula, J. The present company appeal is directed against the order of the learned Single Judge dated 21.02.2019 whereby the earlier orders dated 11.07.2018 and 16.08.2018, restraining transfer, selling or alienating of the properties purchased by Aeren R. Mallz Pvt. Ltd., Aeren R. Township Pvt. Ltd., Yashraj Buildcon Pvt. Ltd., Yashvardhan Infrastructure Developers Pvt. Ltd., Aeren R Buildcon Pvt. Ltd. and PMC Entertainment Pvt. Ltd. (name changed to Fortune R Buildco Developers Pvt. Ltd.) in village Bonkar Dogran, Ludhiana, have been vacated.

2. The common terms used hereinafter are being defined as under:

a) "Related Party Companies" refers to the six land owning companies i.e. Aeren R. Mallz Private Limited; Aeren R. Township Private Limited; Yashraj Buildcon Private Limited; Yashvardhan Infrastructure Developers Private Limited; Aeren R. Buildcon Private Limited; and PMC Entertainment Private Limited;

b) "Intermediate Companies" refers to the two companies i.e., A.R. Developers Private Limited and Aeren R. Enterprises Private Limited, through which the funds are alleged to have been diverted to the Related Party Companies;

c) "subject land" refers to the 11