1 chs580.07.sxw IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION CHAMBER SUMMONS NO. 580 OF 2007 IN SUIT NO. 2620 OF 2006 The Securities of Exchange Board of India ......Plaintiffs. Vs. Aastha Broadcasting Network Ltd. & Ors. ...... Defendants. Mr. S.H. Doctor, Sr. Counsel a/w Pratik Mhatre i/by M/s S. Satpute & Co. for the plaintiffs. Mr. Levil Leshkari i/by Joby Mathew for Defendant Nos. 1 to 8. CORAM : A.A. SAYED, J. DATE : 7TH JANUARY , 2011. P.C. 1. The above chamber summons is taken out by the plaintiffs for amendment to the plaint. 2. The suit is filed by the plaintiffs interalia for cancellation of 93 lac shares which were allotted by Defendant No. 1 to Defendant Nos. 2 to 53. 3. The amendment sought is essentially to add the averment that the defendants have acted in breach of Section 77 of the Companies Act, 1956 in the purchase of the aforesaid shares and the allotment of shares be 2 chs580.07.sxw declared as null and void and consequential prayer therefor. 4. The amendment sought, in my view, does not change the nature of the suit. The trial is yet to commence. I see no reason why the amendment be not allowed. 5. The chamber summons is thus allowed in terms of prayer clause (a) subject to costs of Rs. 3000/- to be paid by the plaintiffs to the defendants. Amendment to be carried out within four weeks from today. 6. Chamber Summons is disposed of accordingly. ( A.A. SAYED, J. )