JUDGMENT :

M.M. SUNDRESH, J.

Prayer: Appeal under Order 36 Rule 9 of the O.S. Rule read with Clause 15 of the Letters Patent against the common judgment and decree dated 26.06.2018 made in O.A. No. 276 of 2018 in C.S. No. 192 of 2018 and A. No. 3470 of 2018 in O.S. No. 192 of 2018 respectively.

Prayer: Appeal under Order 36 Rule 9 of the O.S. Rule read with Clause 15 of the Letters Patent against the judgment and decree dated 26.06.2018 made in A. 3469 of 2018 in C.S. no. 192 of 2018.

Heard Mr. Arvind P. Datar, Mr. P.R. Raman, Mr. Aurup Das Gupta, Mr. P.S. Raman, Mr. Satish Parasaran, Mr. A.R.L. Sundaresan, Senior Counsel appearing on either side. Perused the documents and written submission.

FACTUAL MATRIX:

2. Facts form the core of an adjudicatory process. Thus, it is imperative to place them on record.

3.1. The appellants owned 6 per cent shares in M/s. Hermes i-Tickets Private Limited (hereinafter referred as ‘Hermes’). The first and the second appellants owned 5.2 per cent and the third appellant owned 0.8 per cent shares respectively. G.I. Retail Private Limited, the third respondent company was held by the first and the second respondents and their family members. To be precise, th