MIHEER H MAFATLAL Vs. MAFATLAL INDUSTRIES LIMITED

JUDGEMENT

(1.) LEAVE granted.

(2.) BY consent of learned advocates of parties this appeal was taken up for final hearing. We have heard the learned advocates of parties. The appeal is being disposed of by this judgment.

(3.) THE respondent-company commenced the business of textiles and had been carrying on the same since incorporation. THE respondent-company is a large multi-Division, multi-locational company carrying on diversified activities including manufacturing and sale of textiles, dyes intermediates and chemicals, professional grade connectors, plastic processing machineries and promoting various companies through Project Promotion Division.