1 coappl15-11 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPEAL (LODGING) NO.15 OF 2011 IN CLB COMPANY PETITION NO.25 OF 2011 WITH COMPANY APPLICATION (LODGING) NO.17 OF 2011 Nitin Shah & Anr. ....Appellants Ori.Petitioners V/s. M/s.Teadit Packing & Gaskets Pvt. Ltd. & Ors. ....Respondents Mr.Arif Doctor i/b Malvi Ranchoddas & Co. for the Appellants/Applicants. Mr.Venkatesh Dhond with Mr.Ashish Kamath i/b Mr.Rajiv Singh for the Respondents. CORAM : S.J. VAZIFDAR, J. DATE : 6TH MAY, 2011. P.C. :- 1. The following order is passed with the consent of the parties :- i). The respondents have agreed to purchase the appellants’ shares in the company at the rate of Rs.350/- per share. The amount shall be paid on or before 15.6.2011. In the event of the amount being paid on or before 15.6.2011, the above appeal and the petition filed before the Company Law Board shall stand disposed of with neither party having any claim against other in respect thereof. ii). The resolution dated 31.3.2011 shall not be acted upon till the 2 coappl15-11 entire payment is made. iii). The parties agree and undertake to withdraw the suit and the counter claim filed in the Bombay City Civil Court on or before 15.6.2011. The undertaking is accepted. No order as to costs. 2. The Company Appeal has been disposed of. The Company Application is also accordingly disposed of.