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HIGH COURT OF DELHI
MR. JUSTICE CHANDRA DHARI SINGH, MR. JUSTICE ANOOP KUMAR MENDIRATTA, JJ
SATYA PRAKASH BAGLA – Appellant
Versus
EVAAN HOLDINGS PVT LTD & ORS. – Respondent
| Table of Content |
|---|
| 1. company incorporated under companies act (Para 2) |
| 2. holder of compulsorily convertible preference shares (Para 3) |
| 3. ecl registered as nbfc (Para 4 , 5) |
| 4. investment in ecl against ocds (Para 6) |
| 5. conversion of ocds to ccps (Para 7) |
| 6. nclt petition alleging oppression (Para 8 , 9 , 10) |
| 7. rbi representation regarding siphoning (Para 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18) |
| 8. maintainability of writ petition (Para 19 , 20) |
| 9. locus standi of respondent no. 1 (Para 21 , 22 , 23 , 24) |
| 10. pending matters before nclt (Para 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58) |
| 11. rbi's duty to act (Para 59 , 60) |
| 12. writ of mandamus against rbi (Para 61 , 62 , 63 , 64 , 65 , 66 , 67 , 68) |
| 13. appeal dismissed (Para 69 , 70 , 71 , 72 , 73 , 74 , 75 , 76 , 77 , 78) |
JUDGMENT :
1. The instant appeal under Clause X of the Letters Patent has been filed on behalf of the appellants seeking the following reliefs: “a) Allow the present Appeal and set aside the Impugned Judgement dated 23.10.2024 passed by the Learned Single Judge in Writ Petition bearing W.P. (C) No. 9877 of
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