JUDGMENT :

P.Naveen Rao, J.

1. Heard learned counsel Sri K.Rajendran for the appellants and the learned counsel Sri Chandrasen Reddy for respondent No.1.

2. Plaintiffs in O.S.No.605 of 2014 on the file of II Additional District Judge, Ranga Reddy District are appellants. Parties are referred to as arrayed in the suit.

3. First plaintiff is a Company registered under the Companies Act, 1956 and second plaintiff is the Managing Director of the first plaintiff-company. The first defendant was Ex-Director of first plaintiff-company. Second defendant is brother-in-law of 1st defendant. Third defendant was Ex-Director of 1st plaintiff. Defendants 3 to 7 were shareholders of 1st plaintiff-company. In the suit, plaintiffs sought the following prayers:

“I. Declare the acts of defendants as libellous, slanderous, defamatory, malicious and the share transfer agreement dated 08.04.2010 as null and void; consequently, order the defendants jointly and severally to pay a sum of 1,05,57,749/- to the plaintiffs;

That interest at the rate of 18 per cent per annum calculated from the date of filing the suit, pendente-lite till realization be decreed on the said amount;

Grant perpetual injunction restraining