jyoti c. raheja and ors vs aasia proeprties devlopement ltd and ors

Judgment text excerpt

COAPP6_06.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPEAL NO.6 OF 2006 IN COMPANY PETITION NO.91 OF 2005 Jyoti C. Raheja and others … Appellants Vs. Aasia Properties Development Ltd. and others … Respondents WITH COMPANY APPEAL NO.11 OF 2006 IN COMPANY PETITION NO.91 OF 2005 Hinduja Realty Ventures Ltd. … Appellant Vs. Juhu Beach Resorts Ltd. and others … Respondents --- Mr. Fredun Devitre, Senior Advocate a/w. Mr. Chirag Kamdar, Ms. Bindi Dave, Mr. Raghav Gupta, Mr. Kashish Mainkar, Mr. Siddharth Kate, Ms. Rashi Savla, Ms. Hemlata Jain and Mr. Navin Bhatia i/b. Wadia Ghandy & Co. for Appellants in Company Appeal No.6 of 2006 and for Respondent Nos.2, 3, 6, 7, 17, 18, 19 and 20 in Company Appeal No.11 of 2006. Mr. Navroz Seervai, Senior Advocate a/w. Mr. Gaurav Joshi, Senior Advocate, Mr. Dhruva Gandhi, Mr. Naishadh Bhatia and Mr. Heet Kumar Vacchani i/b. Crawford Bayley & Co. for Appellant In Company Appeal No.11 of 2006 and for Respondents in Company Appeal No.6 of 2006. Mr. Janak Dwarkadas, Senior Advocate a/w. Mr. Chirag Kamdar, Ms. Bindi Dave, Mr. Raghav Gupta, Mr. Kashish Mainkar, Mr. Siddharth Kate, Ms. Rashi Savla, Ms. Hemlata Jain and Mr. Navin Bhatia i/b. Wadia Ghandy & Co. for Respondent Nos.10 to 14 and 21 to 23 in Company Appeal No.11 of 2006. CORAM : MANISH PITALE, J. RESERVED ON : 29TH APRIL, 2025 PRONOUNCED ON: 16TH JUNE, 2025 JUDGEMENT : . These two appeals have been filed under Section 10F of the Companies Act, 1956, challenging the order dated 19.09.2006 passed by the Company Law Board, Principal Bench, New Delhi (hereinafter 1/47 COAPP6_06.doc referred to as 'CLB'), taking exception to different parts of the same order. While the appellants in Appeal No.6 of 2006 are aggrieved by the direction contain