The said petition has been filed by the Company basis certain facts discovered by the new Management relating to illegality in issuance of the said Preference Shares.
By way of the aforesaid petition, amongst others, REL seeks avoidance of the abovesaid Preference Shares and consequent rectification of the register of members of REL. REL has also sought interim relief with respect to suspension of voting rights and dividend rights attached to the said Preference Shares.
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