O R D E R

(Hearing conducted through hybrid mode)

TCP/211/2016 has been filed by the Petitioner under Sections 235, 397,398,402 and other applicable provisions of the Companies Act 1956 seeking the following reliefs:

a) To declare all the resolutions held on 18.11.2014, 03.03.2015, 18.04.2015 passed at the Board meetings and General meetings of the 1st Respondent Company as null and void;

b) To declare that the 2nd and 3rd Respondents have ceased to be the directors of the 1st Respondent Company.

c) To declare that the increase of share capital of the 1st Respondent Company without offering the same to the existing shareholders and sale through private placement to the 2nd and 3rd Respondent as null and void;

d) To declare the appointment of the 4th and 5th Respondent as Additional Directors and thereafter as whole time directors without proper notice to the Petitioner as null and void;

e) To pass further or such other reliefs as this Tribunal may deem fit in the facts and circumstances of the case and thus render justice;

2. SUBMISSIONS OF THE PETITIONER:

2.1. It is stated that the 1st Respondent Company was incorporated on 25.03.1970, with a nominal capital of Rs.25,00,000/-. The