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2024 Supreme(Online)(KAR) 123

HIGH COURT OF KARNATAKA
MR N. V. ANJARIA, CJ, MR JUSTICE K V ARAVIND, J
GENERAL ATLANTIC SINGAPORE T L PTE LTD. – Appellant
Versus
MR. BYJU RAVEENDRAN – Respondent


SRI. UDAYA HOLLA, SENIOR ADVOCATE A/W SRI. SHANKH SENGUPTA, MS. MANASA SUNDARRAMAN & SRI MOHAMMED SHAMEER, ADVOCATES; SRI GAURAV CHOPRA, SENIOR ADVOCATE A/W SRI YOGESH SINGH, SRI TINE ABRAHAM AND MS. PRARTHNA BATHIJA, ADVOCATES; SRI K.G. RAGHAVAN, SENIOR ADVOCATE A/W SRI RISHAB GUPTA, SRI MANMEET SINGH, SRI VIKARAM UNNI RAJAGOPAL, ADVOCATES; SRI DHYAN CHINNAPPA, SENIOR ADVOCATE A/W SRI SAIRAM SUBRAMANIAN, MS. SALONI SHAH, MS. ASHIKA JAIN AND SRI VIKARAM UNNI RAJAGOPAL, ADVOCATES

JUDGEMENT

(PER : HON’BLE THE CHIEF JUSTICE MR. JUSTICE N.V. ANJARIA) Both these appeals arise from the common judgment and order dated 02.07.2024 passed by learned Single Judge in Writ Petition No.15788 of 2024 and Writ Petition No.15801 of 2024. In both the writ petitions, what was challenged was the order dated 12.06.2024 passed by the National Company Law Tribunal, Bengaluru (NCLT) in Company Application No.71 of 2024 in Company Petition No.18/BB/2024 pending before the NCLT. 2. Company Application No.71 of 2024 was filed by the appellant-General Atlantic Singapore TL Pte. Ltd. and one Sofina S.A.-a company under Section 242 (4) of the Companies Act, 2013 read with Rules 11 and 32 of the National Company Law Tribunal Rules, 2016. Sub-section (4) of Section 242 of the Companies Act provides that the Tribunal may, on the application of any party to the proceedings, make any interim order regulating the conduct of NC: 2024:KHC:25489-DB WA No. 969 of 2024 A/W WA No. 972 of 2024 the company’s affairs upon such terms and conditions which may be imposed as just and equitable.

2.1 The prayer was for injuncting the offer letters dated 11.05.2024 and 13.05.2024; any action pursuant to th

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