O R D E R

These petitions are heard and disposed of by this common order, as the same are inter related.

2. The facts as stated are that one Smt. Shaila Chebbi Govind and Smt. Mala Madikeri Srinivas Gowda, Petitioners no. 1 and 2, respectively, in the petition in WP 19462 / 2016 are said to have founded the company M/s Alliance Business School Pvt. Ltd., in the year 2005. It is claimed that their younger brother, Sudhir Angur, who had the requisite expertise in running a large educational institution, had assisted them. The said petitioners are said to have held 50% of the shares of the company, each.

It is stated that the Alliance Business School which was established by the company, had very soon achieved a high degree of success. It is said to have been granted permission to sponsor and start a private University in Bangalore, in the year 2010. This gave birth to the Alliance University, incorporated under the Alliance University Act, 2010, enacted by the State legislature.

The company acquired the status of a charitable company under Section 25 of the Companies Act, 1956 (Corresponding to Section

8 of the Companies Act, 2013)

3. Presently, the University sponsored by the company is