33 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CO.A(SB) 83/2011 0/o N.P.PUNJ versus ..... Appellant Through: Mr. U.K. Chaudhary, Senior Advocate with Mr. Saurabh Kalia, Mr. Naresh Thanai, Mr. Harshit Agarwal, Ms. Srishti Singh and Mr. Gaurav V enaik, Advocates. RAJENDRA DO RAIN PUNJ & ORS ..... Respondents Through: Mr. Harish Malhota, Senior Advocate with Mr. Anupam Sharma, Advocate for respondent No.1. CORAM: Mr. Nikhil Majithia, Advocate for respondent No.2 with Mr. A. C. Sharma, Director of respondent No.2 company. HON'BLE MR. JUSTICE MANMOHAN ORDER 29.11.2011 Caveat 1064/2011 in Co. A(SB) 83/2011 Since the caveator has already put in appearance, present caveat petition stands disposed of. Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified Co. Appl. 2370/2011 in Co.A(SB) 83/2011 Allowed, subject to all just exceptions. Accordingly, application stands disposed of. Co. Appl. 2371/2011 in Co.A(SB) 83/2011 Keeping in view the averments in the application, delay in filing the appeal is condoned. Accordingly, present application stands disposed of. Co.A(SB) 83/2011 & Co. Appl. 2369 & 2372/2011 Present appeal has been filed challenging the order dated ogth September, 2011 passed by the Company Law Board (for short 'CLB'), New Delhi Bench, New Delhi in C.P. No.l6/lll/2007-CLB. By virtue of the impugned order, the CLB has directed the respondent company to transfer the shareholding of late Mr. V.P. Punj in favour of respondent No. I. Issue notice. Mr. Anupam Sharma, learned counsel accepts notice on behalf of respondent No.1. Mr. Nikhil Majithia, learned counsel accepts notice on behalf of respondent No.2 company. Mr. Nikhil Majithia, learned counsel, on instructions of Mr. --, A.C. Sharma, Director of respondent No.2 company who is personally present in Court, undertakes to this Court that No.2 company shall transfer the shares of late Mr. V.P. Punj and deliver the share certificates to respondent No.1 and/or his authorised representative within a period of six weeks from today. The said undertaking is accepted by this Court and respondent No.2 company is held bound by the same. · However, while passing the impugned order, the CLB has made certain observations and rendered some findings with regard to the conduct of the appellant. It is an admitted position that the appellant was not a party to the present proceedings. Consequently, the observations of the CLB against the appellant being violative of principle of natural justice are set aside. With the aforesaid observations, present appeal and pending applications stand disposed of. NOVEMBER 29, 2011 JS \l 1 MANM9HAN,J