SUNSHINE BUILDHOME P LTD Vs. MADHUSUDAN GARG

JUDGEMENT

(1.) AT the joint request, both these appeals arising out of common disputes have been finally heard and disposed of at admission stage by this order.

(2.) THESE appeals under Section 10F of the Companies Act, 1956 ('the Act') are directed against the interlocutory orders dated August 24, 2007 and September 13, 2007, in Company Petition No. 39 of 2007. Section 10F of the Companies Act, 1956, expressly provides that an appeal would lie to the High Court against the decision or order of the Company Law Board ('the Board') on any question of law arising out of such order.

(3.) FURTHER , Company Application No. 383 of 2007 was also filed and after hearing both the parties, the Board passed an order dated September 13, 2007, ad infra: C.A. No. 383 of 2007 mentioned that the respondents seek three days time to file reply to the CA. Allowed. Meanwhile, the respondents are restrained from opening any other bank account in respect of the respondent -company. To let the operations of the business of the company continue R1 and P1 are hereby directed to operate the bank a/c other than Yes Bank a/c with their joint signatures only till the disposal of C.P. No. 39 of 2007. Adjourned to November 5, 2007, at 10.30 a.m.