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2010 (10) TMI 226 - HC - FEMAAppeal to High Court – Territorial jurisdiction - directors had entered into an agreement for sale of their share holdings in their individual capacity and since the directors reside in Mumbai, Court have jurisdiction notwithstanding the fact that the company had its registered office in Bangalore - agreement was in respect of the sale of the shares of the company which as indicated above can be said to ordinarily carry out its business in Bangalore at the relevant time - whole intrinsic cause of action can also be said to have arisen in Bangalore and therefore the Company’s appeal would lie before the High Court of Karnataka - Since the Company’s appeal would lie before the High Court of Karnataka, the Appeal Nos. 72/09 and 73/09 filed by the appellants, who were the directors of the said company, cannot be segregated on the ground that the directors reside in Mumbai and, therefore, the said appeals would also lie before the High Court of Karnataka
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