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1995 (3) TMI 349 - SC - Companies LawWhether to grant or refuse the interim relief prayed for? Held that:- Appeal allowed. Considerable justification in the plea put forward by the learned advocate who appears for the respondent insofar as it is true that they are left with virtually no time to approach the appeal court but more importantly because the appel- lants in the event of the appeal court taking a view contrary to the one which this court has taken, respondent No. 1 company should in that event not be subjected to the lengthy and expensive exercise of reconvening the meeting. It shall, therefore, be permissible for them to adjourn the meeting for such period of time as they consider reasonable to approach the appeal court if the appeal court grants permission to either to hold the same meeting or to continue with it, the respondents shall be entitled to do so. On the contrary, if the appeal court were to confirm the view of this court, the question of reconvening the meeting will not arise. The second application made by Mr. Holla is accordingly granted and respondent No. 1 is permitted to adjourn the meeting convened for 2-3-1995.
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