1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION jmi COMPANY APPLICATION NO. 11 OF 2010 WITH COMPANY APPEAL NO. 13 OF 2010 IN COMPANY PETITION NO. 132 OF 2009. M/s. Gharda Chemicals Ltd. & Ors. ..Appellants. vs. Jer Rutton Kavasmanek & Ors. ..Respondents. .... Mr. T.N. Subramaniam, Senior Counsel, a/w. Mr. Sunip Sen, a/w. Mr. Zal Andhyarujina, a/w. Mr. Nishad Nadkarni, i/b. Legasis Partners, for Applicants/Appellants. Mr. P.K. Samdani, Senior Counsel, a/w. Mr. Rahul Chitnis, i/b. M/s. Dhru & Co., for Respondent Nos. 1 & 2. .... CORAM : S.J. KATHAWALLA, J. DATE : 26TH MARCH 2010. P. C. Heard the learned Senior Advocate appearing for the Appellants, at some length. The Appeal is from an ad-interim order passed by the Company Law Board dated 25th January 2010. The company petition is fixed for final hearing by the Company Law Board on 1st April 2010. The Advocates appearing for the parties have informed the Court that each side will conclude their arguments before the Company Law 2 Board within approximately three hours. 2. In view thereof, the following order is passed :- (i) The Company Law Board shall not grant time to either side and proceed with the final hearing of the Company Petition on 1st April 2010 on day to day basis and pass its final order in the petition on or before 15th April 2010. (ii) In the meantime, the appellants are allowed to affect inter-member transfer of shares. (iii) The Company Appeal alongwith the Company Application is accordingly disposed of. [ S.J.KATHAWALLA, J. ]