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2010 Supreme(HP) 1270

SURJIT SINGH, SURINDER SINGH
Union of INDIA (UOI) – Appellant
Versus
Morepen Laboratories Ltd. – Respondent


JUDGMENT :

SURJIT SINGH, J.

1. These applications have been moved by deposit holders or transferees from deposit holders or those who have purchased the deposit documents in the open market, for being impleaded as party in the present appeal, as according to them, they are likely to be adversely affected, in case the appeal is allowed.

2. Learned Additional Solicitor General of India says that he has no objection in case the applicants in these applications are permitted to intervene. Hence, the applications are allowed. All the applicants are ordered to be impleaded as respondents.

3. Necessary corrections shall be carried out by the Registry. Amended Memo of Parties be also filed, in the course of the day, by the appellant. All the applications stand disposed of.

Company Appeal No. 2/2009

4. This appeal, u/s 391(7) of the Companies Act, is directed against the order dated 4th August, 2009 of learned Single Judge, passed in a petition, under Sections 391 to 394 of the Companies Act, 1956, by which an arrangement for discharge of the debts of fixed depositors, has been approved.

5. Appeal has been filed by the Central Government, which, per Section 394A of the Companies Act, has the right

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