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2006 (2) TMI 287 - SUPREME COURT
Permanent injunction restraining the respondent No. 1 and the appellant from effecting the transfer of the equity shares in favour of respondent No. 1. - Held that:- Appeal dismissed. The only objection was with regard to the value thereof. It is also not in dispute that they, in fact, registered 2,99,800 pledged shares, although they were also presented after a period of two months without any demur whatsoever. The appellants, therefore, must be held to have waived their right. The pledge of shares is not in dispute.
The fact that the appellant had taken a loan of ₹ 4.5 crores is also not in dispute. Furthermore, we are of the opinion that by reason of the impugned judgment no injustice as such has been done to the appellants and in that view of the matter this Court in exercise of its jurisdiction under Article 136 of the Constitution of India may not interfere with the impugned order, even if it may be lawful to do so.