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1993 Supreme(Mad) 841

SOMASUNDARAM, K.A.SWAMI
Mrs. Saroj Goenka and Others – Appellant
Versus
Nariman Point Building Services and Trading Private Limited and Others – Respondent


Appearing Advocates:T. S. Krishnamoorthy, S. B. Mukherjee, P. Chidambaram, Advocates.

Judgment :-

K.A. SWAMI C.J.

This Letters Patent Appeal is preferred against the order dated October 15, 1993, passed by the learned single judge in A.A.O. No. 1017 of 1993 which was preferred against the order dated July 14, 1993, passed by the Company Law Board, Principal Bench, New Delhi, in C. P. No. 40 of 1993. The Company Law Board, by the aforesaid order, restrained all the respondents in Company Petition No. 40 of 1993 from giving effect to any transfer or any transmission of shares in the said companies and also from increasing the issued and paid-up share capital in any manner whatsoever. They were also further restrained from disposing of or encumbering their fixed assets or investment except in the normal course of business. The company, in which petitioner No. 1 was a director, was also restrained from holding any board meetings till the date of the next hearing, without giving at least three days notice to the first petitioner either by registered A. D. post or through courier service under receipt along with a copy of the agenda for the board meeting. The petitioners and respondents were also permitted to approach the Bench at any time with proper application and copie






















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