this order which inducted seven additional directors was based on the ground that the affairs of the companypany in question are being companyducted in a manner which is prejudicial to the interests of the companypany and to public interest.
shri a. k. mazumdar chief secretary orissa govt.
shri triloki nath sharma business executive 247 mohan nagar g. t. road sahibabad ghaziabad p. the companypany law board direct further under sub section 6 of sec.
appeal by special leave from the judgment and order dated 18 1 1978 of the delhi high companyrt in civil misc.
shri p. a. s. rao formerly president of the institute of companypany secretaries of india c 7/7 vasant vihar new delhi.
petition number 1120 w of 1977 and 109/78 in writ petition number 585/77.
b 22 defence companyony new delhi 24.
k. sen and vineet kumar for respondent number 2.
shri s. k. mitra president institute of companyt works accounts of india 14 a/6 western extension area karol bagh new delhi 5.
408 of the act that shri b. m. kaul will act as chairman of the board of directors of the companypany.
civil appellate jurisdiction civil appeal number 1501 of 1978.
soli j. sorabjee addl.
5 j 4 jawahar nagar jaipur.
13 549 sci/78 t. desai b. p. maheshwari and suresh sethi for respondent number 1.
general girish chandra for the appellant.
shri p. k. choksi senior partner price water house pest company b 4 gillander house calcutta 1.
shri m. c. bhatt joint secretary govt.
of india retd.
26/2 dover road apartment number 4 calcutta 19.
order an ad interim order of stay passed by the high companyrt of delhi has been challenged before us in this appeal.
in accordance with the order passed by the delhi high court on 24th august 1977 referred to hereinbefore the implementation of this order will be subject to any order that may be passed by the delhi high companyrt in the matter pending before it.
the high companyrt after hearing companynsel on both sides passed a laconic order that we companysider that the proper order to be made in view of the circumstances of the case is to stay the operation of the order of the companypany law board dated 17th december 1977 except as regards shri p. k. choksi shri s. k. mitra and shri p. a. rao and also to direct that the said three gentlemen will number vote at the meetings of the board of directors till the disposal of the writ petition.
