TMI Blog2022 (1) TMI 620X X X X Extracts X X X X X X X X Extracts X X X X ..... company or holding themselves out as directors of the first respondent company - validity of manipulation in the shareholding of the first respondent - shifting of Registered Office from Sanghinagar to the Corporate office at Hyderabad. HELD THAT:- The dispute in this case arose in the year 2008. The company in this case is an established corporate entity and this dispute will seriously affect its working in the long run. Matter referred for resolution of the dispute in terms of section 89 of the Code of Civil Procedure, 1908 to the new International Arbitration and Mediation Centre (IAMC), Nanakramguda, Hyderabad. List the matter on 28.02.2022. - CP No. 27/2008, TP No. 21/HDB/2016, CP No. 32/2008, TP No. 24/HDB/2016, CP No. 33 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g as directors of the first respondent company or holding themselves out as directors of the first respondent company; 7. For declaring the manipulation in the shareholding of the first respondent as shown in the Annexure as illegal, null and void and further declaring the transfers of shares shown in the Annexure as null and void; 8. For a declaration that form 18 dated 22.02.2008 filed by the second and third Respondents showing the shifting of Registered Office from Sanghinagar to the Corporate office at Hyderabad is illegal, null and void; Prayer in CP No. 32/2008 in TP No. 24/HDB/2016 is as follows: 1. Declaration that the alleged removal/resignation of the 1st petitioner on 30.03.2001 from the hoard of the 1st resp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espondents showing the shifting of Registered Office from Sanghinagar to the Corporate office at Hyderabad is illegal, null and void; Prayer in CP No. 33/2008 in TP No. 25/HDB/2016 is as follows: 1) For a declaration that he alleged amendment 1st the Articles of Association as illegal, null and void and to binding on the 1st respondent company. 2) For a Declaration that the resolution passed at the Board Meetings/General Meetings which have been manipulated by the respondent with respect to shareholding/directorship/vesting themselves with authority as illegal null and void and not binding on the 1st respondent company; 3) For a declaration that the third Respondent is unfit to continue as Director of the first Responden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... null and void and not binding on the 1st respondent company; 3. For a declaration that the alleged amendment to the Articles of Association as illegal, null and void and not binding on the 1st respondent company; 4. For a declaration that the third Respondent is unfit to continue as Director of the first Respondent Company on account of the gross breach of fiduciary duty by the third respondent and the various manipulations and fraudulent actins initiated by him; 5. For a declaration that form 32 dated 26.09.2007, 21.02.2008 and 04.03.2008 before the Registrar of Companies, Hyderabad reflecting the appointment of Respondents second, four to nine as Directors as illegal, null and void; 6. Consequently for a permanent inj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t/settlement duly recorded in the MOU dated 23.06.2007 and also pursuant to the proceedings before this Hon'ble Board recorded in the order dated 14.10.2008; IV. For directing to the respondents as shareholders/directors to fulfill their commitment given to banks/financial institutions while pledging the shares by not disposing share s and also by extending their personal guarantees; V. For a direction to the respondents to hand over all the statutory records of the first respondent company lying at the city office; Prayer in CP No. 5/59/HDB/2020 is as follows: a. Declare the allotment of 85,00,000 equity share of ₹ 10/- each to Respondent No. made on 21.03.2014 as illegal and void ab initio. b. Direct the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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