HALDIA PETROCHEMICALS LIMITED Vs. CHATTERJEE PETROCHEM

JUDGEMENT

(1.) THERE shall be an order in terms of prayer (a).

(2.) AGGRIEVED by an order dated May 4, 2012 passed by learned Trial Judge in G.A. No.1191 of 2012 in C.S. 152 of 2012 the appellant has filed this appeal. By the said order the learned Trial Judge had refused to pass interim relief in favour of the plaintiff-appellant.

(3.) THE appellant company was incorporated in the year 1985 by the West Bengal Industrial Development Corporation (for short WBIDC) and the R.P. Goenka group. After the Goenkas had left other companies were inducted and ultimately in June 1994 Dr. Purnendu Chatterjee showed interest in implementing the project. A Memorandum of Understanding was entered into the WBIDC, the Chatterjee Petrochemicals (Mauritius) Company and the Tatas. Initially, it was agreed that the Chatterjee group would control 60% shares of the appellant company.