MKJ Group Of Companies, Kolkata, Shareholders Of Company, Have Withdrawn Their Appeal Suo Moto From High Court, Mumbai On 14Th March, 2017 As They Had Filed The Appeal After Having Been Badly Defeated By CLB Order Dated 24.09.2013.

• Security Code: 500052
• Company: BEPL

The shareholder of company viz. MKJ group of companies of Kolkata led by Mr Mahendra Kumar Jalan, had filed a case against the Company and its Directors in Company Law Board (CLB), Mumbai Bench, Mumbai in the month of September-2011, alleging oppression and mismanagement in the affairs of the company under section 397 and 398 of Companies Act, 1956, but were badly defeated pursuant to Order of the Company Law Board dated 24.09.2013 (Copy attached) and thereafter they filed an appeal in High Court, Mumbai under section 10F of Companies Act, 1956 against the aforesaid Order of CLB which was withdrawn by them suo moto. The Hon'ble High Court passed an Order (Copy attached) imposing a cost of Rs. 2.00 lakh on them finding that the case was devoid of merit and was frivolous, unsubstantiated and they abused the process of law for their vested interest and ulterior motives as also clearly stated in the said CLB Order(the detailed covering letter is attached).