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TMI Blog2016 (4) TMI 1101X X X X Extracts X X X X X X X X Extracts X X X X ..... y petition. They had sought certain reliefs in the petition filed by them and a copy of the petition is made available by the learned counsel for the appellants, which reads as under: "(a) To declare that the acts of the respondent Nos.2 and 11 are oppressive and prejudicial to the interest of the company and the petitioners. (b) To declare that all the board meetings convened without the participation of the 2nd, 6th and 12th petitioners and without issuing notice to them as illegal, not valid and not binding on the petitioners and set aside the same. (c) To set aside the illegal transfer of shares of the petitioners to the respondents and declare that the transfer is illegal and void and also direct the company to restore the shareh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lly transferred to Late Share Jethalal V Patel) to the 17th and 18th respondents or to any other legal heirs of Late Shri Jethalal V Patel. (k) To direct the Registrar of Companies, Karnataka, Bangalore to initiate action against the 2nd and 11th respondents under section 628 of the Act for the omission of documents which are material and deliberately not filed within the returns filed in his office by the 2nd and 11th respondents in the affairs of the Company. (l) To pass any other order that the Bench think deem fit. By the impugned order, the CLB has considered prayers 'c' and 'd' only as sought by the appellants herein and has granted the reliefs. As far as other prayers are concerned, the CLB has, on one hand held ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er reliefs sought by the appellants herein, which is improper. 5. Per contra, learned Senior Counsel, appearing for respondent Nos.2 to 18 supported the latter part of the order passed by the CLB. In fact, he also contended that the relief granted by the CLB to appellants herein, was also not in accordance with law. 6. Having heard learned counsel for the parties and on perusal of the material on record in light of the reliefs sought by the appellants herein, we note that the CLB has considered the matter in detail with regard to the relief sought by the appellants herein insofar as restoration of their names in the register of the members of the company is concerned as per shareholding pattern as on 31/3/2005. As already noted, the appel ..... X X X X Extracts X X X X X X X X Extracts X X X X
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