2021 (7) TMI 1317

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....br>Corporate Laws<br>SH. AJAY KUMAR VATSAVAYI, HON&#39;BLE JUDICIAL MEMBER SH. RAGHU NAYYAR, HON&#39;BLE MEMBER TECHNICAL For the Petitioner: Amol Vyas, Adv. For the Respondent: Naresh Kumar Sejvani, Adv, ORDER Per: Shri Raghu Nayyar, Technical Member l. By this common order in both these matters, the issue of admissibility of the petitions and interim relief, if any, has been consi....

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.... Sinha and his wife Smt. Nutan Sinha are Petitioners No. 1 & 2 in CP No. 194/241/JPR/2020. She Manish Kumar Verma is Respondent No. 2 being a shareholder to the extent of 35 per cent approx. in Respondent No. I Company and is the nephew of Petitioner Nos. 1 & 2. Smt. Ranjana Verma is the wife of She Manish Kumar Verma. It is alleged that Sh. Manish Kumar Verma was favouring an employee of the comp....

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.... Sinha. Even though, Respondent No. 3 was the partner in both the partnership firms, it is alleged that both the partnership firms were managed by Respondent No. 2, Mr. Prakash Kumar Sinha in place of Respondent No. 3. However, upon transfer of the partnership businesses into the Respondent No. 1 Company, the ratio of shareholding became skewed. It is also alleged that Mr. Prashant Kumar Sinha was....

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....2/JPR/2021. 6. It is seen that the interim relief claimed in CP No. 194/241/JPR/2020 is as follows: - A. The Respondent No. 2 & 3 may be injuncted from continuing with the competitive business of the Respondent Company and may further by injuncted from approaching the customers and suppliers of the Respondent Company for soliciting business of the Respondent Company. B. The Re....