IN THE HIGH COURT OF BOMBAY AT GOA COMPANY APPEAL NO. 5 OF 2009 SCOPE CREDITS AND FINANCIAL SERVICES (P) LTD AND 5 ORS., ... Appellants Versus POYSHA FINCORP PVT LTD AND 3 ORS., ... Respondents Mr. S.G. Dessai, Senior Advocate with Mr. Shivan Dessai, Advocate for the Appellants. Mr. S.K. Kakodkar, Senior Advocate with Mr. R. Rivankar, Advocate for Respondent No. 1. Mr. Rahul Srivastava, Advocate for Respondent No. 2. Coram:- N. A. BRITTO, J. Date:- 5th May, 2009 P.C.: Heard learned Senior Counsel on behalf of the parties. 2. This appeal is filed against an ex-parte order dated 12/03/2009 by which respondent nos. 4 to 9 (appellants, herein) have been restrained from transferring/selling the shares of the said Companies. Senior Counsel further informs that replies have already been filed. Needless to observe, the Company Law Board is required either to confirm or vacate the said order after hearing the parties. This be done at the earliest and in any event within a period of 30 days from the communication of this order. The issue of maintainability of the application filed by the petitioner before the Company Law Board may also be decided while deciding the issue of confirmation/vacation of ex-parte order dated 12/03/2009. Parties to appear before the Company Law Board, Mumbai Branch on 11/05/2009 at 10.00 a.m. 3. Appeal is disposed of in the light of the above directions. N. A. BRITTO, J. NH