MUMBAI BENCH I in C.P/249 (MB) 2023

In the matter of Sections 241 to 242 and other

applicable provisions of the Companies Act,

2013; AND

In the matter of

Ajay Kishore Merchant

.....Applicant Company/Original Respondent No.2

Versus

Piyush Merchant & Ors.

…..Respondents In the matter of

Piyush Merchant & Ors.

…..Petitioners

Versus

Damos trading Company Private Ltd. & Ors.

.….Respondents

Order Pronounced on 19.11.2025

Coram :

Shri Prabhat Kumar Shri Sushil Mahadeorao Kochey Hon’ble Member (Technical) Hon’ble Member (Judicial)

Appearances :

For the Applicant : C Keswani and Mr. Pulkit Sharma For the Respondent : Nausher Kohli a/w Akash Agarwal and Rushabh Parekh ORDER

1. The present Interlocutory Application (Companies Act) No. 80(MB)

2025 in the Company Petition 249 of 2023, is filed by Ajay Kishore Merchant (“Applicant herein/Respondent No. 2 in CP/AM Group”)under Rule 11 of the National Company Law Tribunal, 2016 for the purpose of seeking urgent and necessary directions against the Petitioners in CP/Respondents herein/PM Group for breach of Consent Terms dated 10^th September 2024 a. This Tribunal be pleased to direct the Petitioners to forthwith finalize the escrow agreement and take immediate steps to