LAWS(CAL)-1996-4-1

MILAN SEN Vs. GUARDIAN PLASTICOTE LTD

Decided On April 12, 1996
MILAN SEN Appellant
V/S
GUARDIAN PLASTICOTE LTD. Respondents

JUDGEMENT

(1.) The petitioners instituted this suit, inter alia, for the following reliefs :

(2.) After the institution of the suit an application was moved before this court on March 4, 1993, inter alia, for the following orders :

(3.) The case of the petitioners is that in a bid to oust and keep the petitioners from the management and control of defendant No. 1 and to reduce the petitioners into an insignificant minority the respondents in collusion with each other passed a mala fide board resolution dated December 30, 1992, and sought to issue 68,000 equity shares in respondent No. 1.