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Bombay High CourtCOAPP/14/2017consent term

Ashok K. Jain And 15 Others v. Naprod Life Sciences Pvt. Ltd. (Formerly Known As Neon Antibiotics Pvt. Ltd.)And 10 Ohthers

2017-03-30Hon'Ble Shri Justice R.D. Dhanuka3 pages

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPEAL (L) NO. 62 OF 2014 IN COMPANY APPLICATION NO. 508 OF 2011 AND COMPANY APPLICATION NO. 190 OF 2012 IN COMPANY PETITION NO. 43 OF 2007 Bhanwarlal H.Chandak & Ors.

..... Appellants

VERSUS

Naprod Life Sciences Pvt. Ltd.

(Formerly known as Neon Antibiotics Pvt. Ltd.) & Ors.

..... Respondents ALONGWITH COMPANY APPEAL NO. 46 OF 2010 Ashok K. Jain ..... Appellant

VERSUS

Mohan B. Jain & Ors.

..... Respondents ALONGWITH CONTEMPT PETITION NO. 1 OF 2009 IN COMPANY APPEAL NO. 22 OF 2008 Ashok K. Jain ..... Petitioner

VERSUS

Mohan B. Jain & Ors.

..... Respondents ALONGWITH COMPANY APPEAL (L) NO. 69 OF 2014 Ashok K. Jain & Ors.

..... Appellants

VERSUS

2/3 Naprod Life Sciences Pvt. Ltd.

(Formerly known as Neon Antibiotics Pvt. Ltd.) & Ors.

..... Respondents ALONGWITH COMPANY APPEAL (L) NO. 70 OF 2014 Naprod Life Sciences Pvt. Ltd. & Ors.

..... Appellants

VERSUS

Ashok K. Jain & Ors.

..... Respondents ALONGWITH COMPANY APPEAL (L) NO. 71 OF 2014 Ashok K. Jain & Ors.

..... Appellants

VERSUS

Naprod Life Sciences Pvt. Ltd.

(Formerly known as Neon Antibiotics Pvt. Ltd.) & Ors.

..... Respondents Mr.Raju Singh, i/b. Chitnis & Co. for the Appellants in Company Appeal (L) No. 62 of 2014.

Mr.Aniket Katre, i/b. M/s.Crawford Bayley & Co. for the Respondent nos. 12 to 27 in Company Appeal (L) No. 62 of 2014, for the Appellant in Company Appeal (L) No. 69 of 2014, Company Appeal (L) No.71 of 2014, for the Applicant in Company Application No.2 of 2016 in Company Appeal No.69 of 2014, for the Appellants in Company Appeal (L) No.46 of 2010 and for the Petitioners in Contempt Petition No.1 of 2009.

Ms.Dharmika Patel, i/b. Purnanand & Co. for the Petitioners in Company Appeal (L) No. 70 of 2014 and for the Respondents.

All parties are present in court.

CORAM : R.D. DHANUKA, J.

DATE : 30th MARCH, 2017 P.C.

Learned counsel appearing for the parties have tendered consent terms dated

3/3 30th March, 2017 duly signed by the parties and their respective advocates. Learned counsel appearing for the respondent no.1 states that the signatory of the consent terms is authorized to file and sign the said consent terms. A copy of the letter addressed by the respondent no.1 to the director Mr.Mohan Babulal Jain referring to such resolution passed by the respondent no.1 company and authorizing him to sign the consent terms is tendered and is taken on record. The signatures of the parties are identified by their respective advocates. Consent terms are taken on record and are marked 'X' for identification. Undertakings recorded in the consent terms are accepted.

2.

Company Appeal (L) No.62 of 2014 is disposed of in terms of the consent terms. No order as to costs.

3.

Company Appeal (L) No.46 of 2010, Company Appeal (L) No.69 of 2014, Company Appeal (L) No.70 of 2014, Company Appeal (L) No.71 of 2014 are disposed of in terms of the consent terms.

4.

Company Application (L) No. 2 of 2016 in Company Appeal (L) No.69 of 2014 and other pending interlocutory applications in the aforesaid company appeals stands dismissed as withdrawn.

5.

In view of the settlement arrived at between the parties, the respondent no.12 does not press Contempt Petition No. 1 of 2009 and the same is accordingly dismissed. No order as to costs.

(R.D.DHANUKA, J.)