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2024 Supreme(Online)(DEL) 9410

HIGH COURT OF DELHI
RAHUL DILIP SHAH – Appellant
Versus
CATALYST TRUSTEESHIP LIMITED & ORS. – Respondent


J U D G M E N T

SHALINDER KAUR, J.

1. The present first appeal under Section 13 of the Commercial Courts Act, 2015 read with Section 10 of the Delhi High Court Rules emanate from the Order dated 20.10.2023 (hereinafter referred as „impugned order‟) passed by the learned Single Judge of this Court in CS (COMM) No. 108 of

2022.

2. Vide the impugned order, the learned Single Judge dismissed the Application, I.A no. 16191 of 2023 under Section 151 of the Code of Civil Procedure, 1908 (hereinafter referred as „CPC'), whereby the appellant sought ad interim directions permitting him to exercise his voting rights with respect to his 32,82,720 equity shares („Pledged Shares‟) in the respondent no. 3 Company, in the proposed meeting of the equity shareholders of respondent no. 3 scheduled on 27.10.2023.

3. In order to effectively deal with the issue as stated by the appellant, it would be necessary to elaborate on the facts of the present case.

4. The Appellant is a citizen of the USA and claims ownership of the 32,82,720 equity shares („Pledged Shares‟) amounting to 26% of the total paid up capital of the Respondent No. 3.

5. The Respondents No. 1 & 2 are companies incorporated under the Companie

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