A. RAMAMURTHI, J.

Original Application No. 103 of 2000, filed under Order 14, rule 8 of the Original Side Rules read with section 9 of the Arbitration and Conciliation Act, 1996, to issue an order of injunction restraining the first respondent from effecting any transfer of shares owned by it in the fourth respondent-company in favour of Bharti Tele-Ventures Limited and its affiliates under its control and also an order of injunction restraining the fourth respondent from recording the transfer of shares in favour of Bharti Tele-Ventures Limited pending final adjudication by the Arbitral Tribunal. Original Application No. 104 of 2000 has been filed, claiming ex parte order of injunction.

The case in brief for the disposal of both the applications is as follows :

The petitioner and respondents Nos. 1 to 4 entered into a joint venture agreement dated August 12, 1992, consequent upon which, they agreed upon the mode, method and manner of control, management and business of a joint venture company bearing the name and style Skycell Communications Private Limited, incorporated under the Companies Act, 1956. This company applied for and obtained a cellular licence to operate and