9911796707
TMI Blog1994 (3) TMI 283X X X X Extracts X X X X X X X X Extracts X X X X ..... itioner - On 10-3-1994 Company Law Board passed an order directing petitioner to mention this fact in any advertisement that was likely to be issued with regard to public issue and the order was notified to lead manager - On 15-3-1994, lead managers informed that they were withdrawing from public issue - Whether petitioner could open public issue on 16-3-1994 and appoint new lead managers to act o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rder of attachment before judgment passed by the Court. After hearing all the parties, the Company Law Board passed an order directing the petitioner to mention this fact in any advertisement that is likely to be issued with regard to the public issue in future from 10-3-1994. The said order was passed without prejudice to any of the rights of the petitioner before it to agitate this point in sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 that they have decided to withdraw their mandate to act as lead manager to the petitioner's public issue slated to open on 16-3-1994. According to the petitioner, the action of respondents 1 and 2 in with-drawing from the issue at the last moment is wholly arbitrary and without jurisdiction and that the lead managers are aware that the petitioner would suffer monetarily and that its reputation w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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