2023 (12) TMI 1153

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....a, on the ground that the company has already gone into CIRP vide order dated 05.07.2017 and the application regarding implementation of the Resolution Plan is pending for adjudication. In brief, the aforesaid petition bearing CP no. 03/2014 filed in TP (PB) No. 81/388B/HDB/2017 by the Serious Fraud Investigation Office of the Ministry of Corporate Affairs against M/s Deccan Chronicle Holdings Limited & 39 Ors. in which the main relief and the interim relief were sought are as under: RELIEF (S) SOUGHT. In the facts and circumstances mentioned of the present case, the Petitioners most humbly pray/refer that this Hon'ble Board may graciously be pleased to:- (i) In the light of facts mentioned in this petition....

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....rd of Directors of the Respondent No. I Company, and if necessary, a scheme be framed for effective management of the Respondent No. 1 Company; (vi) Direct the Respondent Nos 2 to 9. their men, servants, agents and/or assigns to render true and faithful accounts of all secret profits made by them or funds siphoned off by them as stated hereinabove and this Hon'ble Board may be pleased to pass such further order or orders and/or direction or directions in this regard as this Hon'ble Board thinks fit and proper; (vii) Permit the Central Government to appoint majority directors on the board of the Respondent Company as being necessary to effectively safeguard the interest of the Respondent Company, or its shareholders....

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....illegally and unauthorisedly by the respondents. (viii) Direct that the books of accounts/minutes books and records of the Respondent No. 1 Company be authenticated by officer of this Hon'ble Board. (ix) Direct the respondents to restrain from filing any document with ROC till the finalization of case by this Hon'ble Board. (x) restrain the Respondent No. 2 to 9 not to open any Account with any Branch of any Bank and more particularly the Cash Credit Account and the Current Accounts of the Respondent No. 1 Company without the consent of the Petitioner, (xi) Ad interim ex- parte order in terms of prayers above; (xii) Allow the petitioner to rely on any company application, report, evidence....