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2009 (2) TMI 464 - HC - Companies LawJurisdiction of trial court - Whether trial court has no jurisdiction to decide on the issue inasmuch as the same issue is pending before the Company Law Board Bench, Southern Region, Chennai in C.P.94/07 and further ought not to have passed the interim order of injunction in respect of allotment of shares? Held that:- This Court without going into the merits of the matter opines that the civil revision petitioners cannot invoke the jurisdiction of this Court under Article 227 of the Constitution of India when they have two concurrent remedies, (a) As per Order 39 Rule 4 of Civil Procedure Code to vary or vacate or discharge the order passed by the trial Court in I.A. 8812/08 in O.S. 3737/08 dated 11-6-2008 and (b) to file an appeal under Order 43 Rule 1(r) of Civil Procedure Code whether the said ex parte order is a reasoned or non-reasoned one and moreover, the supervisory jurisdiction under Article 227 of the Constitution of India has to be sparingly resorted to by this Court and in this view of the matter, the civil revision petition is dismissed. Liberty is given to the revision petitioners to raise all factual and legal contentions before the trial Court including the plea of maintainability of the suit on the point of jurisdiction in accordance with law. Thus civil revision petition is dismissed
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