2020 (3) TMI 1359

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....or Advocate a/w, Mr.Som Sekhar, Mr.Abhishek Kale, Mr.Sumeet Nankani i/b M/s.Naik Naik and Co. for the plaintiff Mr.Anirudh Hariani, Mr.Varghese Thomas, Mr.Hormaz Mehta, Mr.Yohaan Limathwala i/b M/s.J.Sagar Associates for the defendant ORDER Heard. Affdavit of Service is taken on record. 2 By this Interim Application, Applicants are seeking injunction against the Respondent from acting ....

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.... are fully secured. He relies on clause no.6 i.e. Security and Security Providers of the said Trust Deed. He submits that till next date, this Hon'ble Court be pleased to restrain defendant no.2 from taking any steps for selling these shares in the market. He submits that if shares are sold in this situation, irreparable loss will be caused to the plaintiffs. 4 On the other hand, the learne....

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....ll next date. In view of these facts, following order is passed: A. Ad-interim relief in terms of prayer clause (a) and (b) till next date which reads thus: "a) Declare that the Mandatory Redemption Event Notices dated 11 March 2020 and 13 March 2020 (Exhibits D-I and D-2 hereto), and the Event of Default Notices dated 17 March 2020 (Exhibits E-1 and E-2 hereto) and Notices of Sale dat....