( 1. ) THIS appeal under section 10-F of the Companies act, 1956 assails the order-dated 19. 7. 2007 passed by the Company Law Board [principal Bench, New Delhi] in Company Petition No. 117/2005 (Shri Sarabjeet singh Mokha Vs. M/s Marble City Hospital and Research Centre Private Limited and others ). ( 2. ) M/s Marble City Hospital and Research Centre Private Limited, Jabalpur having its Registered Office at 21, North Civil Lines, Near 2nd Bridge, Jabalpur is a Private Limited Company incorporated under the provisions of the Companies act, 1956 (hereinafter referred to as the act ). Appellants Dr. S. M. Hastak, Dr. (Mrs) Shobha Soni and Dr. Sanjay Nagraj alongwith respondent Shri Sarabjit Singh mokha are the subscribers to the Memorandum of Association of this Company, which was incorporated in the year 1997. The Company carries on with the activities of providing medical and health care facility in the city of Jabalpur and a hospital is established for the said purpose. The Company as indicated hereinabove was jointly promoted by the three appellants and respondent, who became Directors from the date of incorporation of the Company. It is averred that at the time when the