Srs Private Investment Powai Ltd vs Supreme Housing And Hospitality … on 3 October, 2016

2. The petitioner states that certain disputes have arisen in respect of an
agreement dated 19.03.2015 captioned as “Share Purchase Agreement”. In

O.M.P.(I) (COMM.) 216/2016 Page 1 of 9
terms of which the petitioner claims that it is entitled for consideration of a
sum of `1,62,00,00,000/- for sale of part of the “Investor Securities”. It is
the petitioner’s case that the respondents have failed and neglected to
perform the said agreement.

3. The petitioner has also alleged that its affirmative rights in respect of
the management and affairs of the company have also been violated. In the
aforesaid context, this Court had passed an order dated, 27.05.2016, inter
alia, directing as under:-

Source: Indian Kanoon

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