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2017 Supreme(Mad) 2787

RAJIV SHAKDHER
M. Ethiraj – Appellant
Versus
Sheetala Credit Holdings Pvt. Ltd. – Respondent


Advocates:
Advocate Appeared:
For the Appellants : Mr.P.S.Raman, Senior Counsel, for Mr.T.K.Bhaskar, Mr.Arvind P.Datar,
For the Cross Objectors. : Mr.K.G.Raghavan, Senior Counsel for Mr.Anirudh Krishnan
For the Respondents: Mr.T.K.Seshadri, Senior Counsel, for M/s.Adithya Reddy, Mr.R.Murari, Senior Counsel for M/s.Preeeti Mohan

JUDGMENT :

1. The captioned appeals and one set of Cross Objections, have been placed before me, for adjudication.

1.1. The appeals filed being, Company Appeal Nos. 3 and 4 of 2016, assail the judgment and order of the Company Law Board (in short CLB), dated 10.03.2016.

1.2. The Cross Objections bearing No.39 of 2016 have been preferred by respondents 1 to 6 to assail some of the findings recorded in the impugned judgment and order of the CLB, in particular, the finding that respondent No.7, i.e., S.V.Global Mill Limited (in short "SVG") is not a quasi-partnership.

1.3. There are other objections also raised by respondents 1 to 6, to which, I will be making a reference, as I go along with the narration of facts and events.

2. Before I proceed further, let me indicate as to who are the main protagonists in the battle, which has ensued, with regard to the affairs of SVG.

2.1. The appellants, in Company Appeal No.3 of 2016 are, one, Mr.M.Ethiraj (Ethiraj) and his son Mr.E.Shanmugam (Shanmugam). For the sake of convenience, they would be referred to, collectively, as the "controlling g
















































































































































































































































































































































































































































































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