Gujarat Court September 1987 Judgments

Harish C. Raskapoor and ors. Vs. Jaferbhai Mohmedbhai Chhatpar, Divya ...

Court: Gujarat

Reported in: [1989]65CompCas163(Guj)

S.B. Majmudar, J.1. The present three applicants have taken out this judge's summons praying for an order that the hearing of Case No 374 of 1982 filed in the court of the learned Additional Chief Metropolitan Magistrate 37th Court, Esplanade, Bombay, be stayed. The application is filed against opponent No 1 who is the original complainant in the said criminal case and also against opponent No 2 which is the court committee appointed by this court in the case of Divya Vasundhara Financiers Private Limited, Ahmedabad. 2 .In order to appreciate the grievance of the applicants, it is necessary to note a few introductory facts leading to the present application. Opponent No 2, Divya Vasundhara Financiers Pvt Ltd , which is a private limited company, was floated with fixed capital of Rs 1 lakh divided into 1,000 ordinary shares of Rs 100 each. Its object was to promote a scheme of chief fund and savings, amongst others. It appears that the company had accepted deposits from the public under...