1. An interim order passed by the Company Law Board on a miscellaneous application filed by the company in question, pending disposal of a main company petition under Sections 397 and 398 of the Companies Act, 1956, is under challenge in the above appeal under Section 10-F of the Act.

2. I have heard Mr.Sudipto Sarkar, learned Senior Counsel appearing for the appellant, Mr.Fredun Devitre, learned Senior Counsel appearing for respondents 1 to 3, Mr.S.N.Mookherjee, learned Senior Counsel appearing for the fourth respondent, Mr.T.K.Seshadri, learned Senior Counsel appearing for the Government of Tamil Nadu, which is the fifth respondent herein, Mr.R.Murari, learned Senior Counsel appearing for the sixth respondent-IDBI and Mr.M.P.S.Rao, learned counsel appearing for the seventh respondent.

3. The respondents 1 to 3 herein who are respectively (i) Tamil Nadu Water Investment Company Ltd., (ii) Tirupur Infrastructure Development Company Ltd., and (iii) Infrastructure Leasing and Financial Services Ltd., all of whom are either mere shareholders or shareholders as well as creditors, joined together and filed a petition in C.P.No.18 of 2007 on the file of the Additional Principal Be