IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) THURSDAY, THE THIRTY FIRST DAY OF JULY TWO THOUSAND AND EIGHT PRESENT THE HON'BLE MR JUSTICE B.SESHASAYANA REDDY WRIT PETITION NO : 15183 of 2008 Between: Krishna G.T S/o.Vasantha Kumar H.No.G-46 Madhuran Nagar Yousfguda Hyderabad ..... PETITIONER AND 1 The Union Of India, rep.by its Secretary of Finance Ministry of Finance, New Delhi. 2 The Securities Exchange Board of India Plot No.C4-A G.Block, Bandra Kurla Complex Bandra(East) Mumbai 400051 Rep.by its Chairman 3 Daichi Sankyo Group, having its Office at 3-5-1 Nihonbhashi Honcho Cho Ku Tokyo Japan 103-8426 Rep.by its Chairman 4 M/s Ranbaxy Laboratories Ltd., having Corporate office Plot No.90 Sector 32 Gurgaon 122001(Haryana) India, rep.by its Chairman Mr Malvinder Singh 5 M/s. Zenotech Laboratories Ltd., park View Estate 4th Floor Raoad No.2 Banjara Hills Hyderabad Rep.by its Managing Director Ch.Jayram .....RESPONDENTS Petition under Article 226 of the constitution of India praying that in the circumstances stated in the Affidavit filed herein the High Court will be pleased to issue an appropriate writ, order or direction more particularly one in the nature of writ of Mandamus declaring the action of the 2nd respondent in not retraining the 3rd respondent from in any way acquiring directly or indirectly any interest in the 5th respondent despite the same having an adverse and denuding impact on the petitioners interest in the 5th respondent Company which is clear violation of the The Securties & Exchange Board of India(Substantial Acquisition of Shares and Takeovers) Regulations 1997 as being illegal unjust arbitrary discriminatory and unconstitutional being in violation of Arts 14,19(1) (g) and 300-A of the constitution of India and consequently direct the respondents to put on hold the entire process of acquisition until the 3rd and 4th respondents have followed the mandatory procedure vis-a-vis 5th respondent udner Securities&Exchange Board of India(Substantial Acquisition of Shares and Takeovers) Regulations 1997. Counsel for the Petitioner: Mr.D.SESHADRI NAIDU Counsel for the Respondents: Mr.A.RAJASHEKAR REDDY (ASST SOLICITOR GEN) The Court made the following : ORDER: Learned counsel appearing for the petitioner seeks permission to withdraw the writ petition. Permission as sought for is accorded. Accordingly, Writ Petition is dismissed as withdrawn. There shall be no order as to costs. ____________________________ B.SESHASAYANA REDDY,J 31st July, 2008 Tsy To 1 The Secretary, Union of India, Finance Ministry of Finance, New Delhi. 2 The Chairman, Securities Exchange Board of India Plot No.C4-A G.Block, Bandra Kurla Complex Bandra(East) Mumbai 400051. 3 The Chairman, Daichi Sankyo Group, having its Office at 3-5-1 Nihonbhashi Honcho Cho Ku Tokyo Japan 103-8426 4 The Chairman, M/s Ranbaxy Laboratories Ltd., having Corporate office Plot No.90 Sector 32 Gurgaon 122001(Haryana) India. 5 The Managing Director, M/s. Zenotech Laboratories Ltd., park View Estate 4th Floor Raoad No.2 Banjara Hills Hyderabad. 6 2CCs to 7 2CD copies Form-NIC-OGS/WP{BMR}