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2012 Supreme(Mad) 4381

K.CHANDRU
K. Vasudeva Rao – Appellant
Versus
K. Lakshminarayana Rao – Respondent


Advocates:
High Court of Judicature at Madras
K. CHANDRU, J.
K. Vasudeva Rao & Others
Versus
K. Lakshminarayana Rao & Others
O.A.Nos.143 and 144 of 2011 and A.Nos.3413, 3460 & 3876 of 2011 and A.No.941 of 2011 in C.S.No.108 of 2011
Decided On : 30-10-2012

Judgment :-

O.A.Nos.143 and 144 of 2011 were filed by the applicants / plaintiffs seeking for the grant of an interim injunction restraining the respondents / defendants from preventing the participation of the first applicant in the business and affairs of the 12th respondent company and also for the grant of an interim injunction restraining the respondents 1 to 11 from in any manner dealing with the shares, properties of the 12th respondent more fully set out in the schedule to the petition, including but not limited to sale, transfer, merger, de-merger, mortgaging or otherwise encumbering of the said shares / properties.

2. The applicants are the plaintiffs in the main suit. The suit is for the grant of various reliefs including declaration that the transfer of 12000 shares of the first applicant in the 12th defendant company, the details of which were mentioned in Schedule 'E', to the defendants 1 and 5 as null and void and for a direction to 1st and 5th defendants jointly and severally to pay the 1st plaintiff a sum of Rs.2 crores together with interest at 18% per annum towards refund of advance computed till the date of realization and also for a declaration that the 12th and































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