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B.S.V.PRAKASH KUMAR
Blancatex AG – Appellant
Versus
AI Champdany Constructions Ltd. – Respondent


Advocates Appeared:
Ms. Bindiya Raichura, Siddhartha Mitra, Y. Dadiwala, Moushumi Bhattacharya, Sudipto Sarkar,S.N. Mookherjee, Debanshu Basak, S. Ganguli, Anindya Mitra, A. Guha Roy, Ms. Ritu Bhalla, Ms. Neelina Chatterjee

ORDER

Heard.

2. Respondent No. 5 filed these applications, C. A. No. 61 of 2010 and C.A. No. 63 of 2010 for modifying the order dated January 12, 2010, passed by the Principal Bench, Company Law Board at Delhi, relating to restraining respondent No. 5 from alienating or creating any third party rights with respect to fixed assets of Rampur Texpro Unit till the next date of hearing.

3. The applicant being respondent No. 5 in the main petitions, the respondents in this application being the petitioners in the main petitions, they are referred as arrayed in the main petitions. The Companies Act, 1956, for the sake of brevity, is referred as "the Act". The cause of action, the reliefs and the respondents in these two cases being the same, I pass a common order, instead of separate orders.

4. This Bench already passed an order on May 17, 2010, in these applications by placing the operative portion of the common order in the attendance sheets of this Bench in both the applications with a view to bring the operative portion of the order to the notice of the parties before correction of the order with reasons. Since the applicant herein perhaps remaining in the belief that the order in the att

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