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Jer Rutton Kavasmneck alias Jer Jawahar Thandi - Bombay High ...

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10/195<br />

COAPPL41.12<br />

further Transfer Notices, if any, circulated by the Company<br />

purportedly under Article 57.<br />

11. On 30 th September, 2002, Government of India, Ministry of Finance,<br />

Department of Company Affairs issued a Circular and made it clear that these<br />

companies which did not approach the Registrar of Companies, seeking<br />

reversion back to private company's status, are deemed to have chosen to<br />

remain as public company.<br />

12. On 8 th September, 2005, the JRK and DRK and Rebello withdrew from<br />

the said Company Petition (77 of 1990) and other Kavasmanecks continued to<br />

pursue the said petition. By an order dated 8 th September 2005 passed by Shri<br />

Justice A.M.Khanvilkar, in the said petition, this Court recorded statement of<br />

the appellants and two other parties who were also petitioners in the said<br />

petitions that those parties were not interested in prosecuting the Company<br />

Petition (77 of 1990). This Court accepted the said request of the appellants<br />

and two others to permit them to withdraw from proceedings by deleting their<br />

names from the array of parties. Petitioner Nos.4 and 5 in the said petition,<br />

however, continued to pursue the said company petition (77 of 1990). This<br />

Court permitted petitioner Nos.4 and 5 to the said petition to carry out<br />

necessary amendment to the said Company Petition (77 of 1990).<br />

13. By an order dated 14 th November 2008 passed by Shri Justice A.M.

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