JUDGMENT - S.M. JHUJHUNUWALA, J.:---This petition has been filed under the provisions of section 583 of The Companies Act, 1956 (hereinafter referred to as "The said Act") for winding up of the affairs of M/s. Gitannel Builders (India) (hereinafter referred to as 'the Company') by and under direction of this Court and for other reliefs as prayed for in the petition. 2. The Company is an unregistered Company within the meaning of the provisions of section 582 of the Act. The petitioners and the respondents 2 to 8 and 10 to 21 are members of family and related to each other. Respondents 2 to 11 constitute one ground (hereinafter referred to as 'Group A'). The petitioners and the respondents 12 to 21 constitute another group (hereinafter referred to as 'Group B'). However, the respondents 15 and 19 are supporting the members of Group A. The petitioners and the respondents are the creditors/members/partners/beneficiaries of the shares in the Company. The business of the Company has been that of builders, building contractors and/or building constructions and/or acquiring land with or without premises thereof an what is popularly known as ownership basis. The Company acquired an immoveable property situate at 13/19, Medows Street (Nagindas Master Road) Bombay 400 023 (hereinafter referred to as 'The said immoveable property'). The said immoveable property is the main and principal project and capital asset of the Company. 3. On 25th September, 1987, a Deed of Partnership (hereinafter referred as these said 'Deed of Partnership') of the Company was executed under which the Company was reconstituted as mentioned therein and upon the terms and conditions mutually agreed upon and incorporated therein. It was inter alia agreed amongst the partners that the Bank account/accounts of the Company would be opened and or operated upon only by and under the joint signature of the 6th respondent, being the party representing the members of the Group A and the 1st petitioner, being the party of the part representing the members of Group B and that such account or accounts shall be with any nationalised bank or banks unless otherwise mutually agreed in writing. It was further agreed amongst the partners that the sales and/or disposal of the premises (office/shops/stalls etc.) and/or any right on ownership basis or otherwise would be validly affected by and under the joint signature of the 6th respondent and the 1st petitioner only. It was further agreed amongst the partners that the sales and/or disposal of the premises (office/shops/stalls etc.) and/or any right on ownership basis or otherwise would be validly affected by and under the joint signature of the 6th respondent and the 1st petitioner only. Clauses 16 and 17 of the said Deed of partnership which are relevant for the purposes of the present application as incorporated therein read as under : 16. "It has been expressly agreed by and between the parties hereto that the sales and/or disposal of the premises (office/shops/stalls etc.) and/or any rights on ownership basis or otherwise shall be validly affected by and under the joint signature of the said Bhagwandas and Pravinchandra only or as may be mutually agreed upon by and between the parties in writing." 17. "The said Bhagwandas shall be the Managing partner and as such have full power and absolute authority to do on caused to be done all acts., deeds matters and things necessary for the smooth and effective day to day management of the partnership business and affairs and development of the said project and for the purpose to sign and execute all documents, papers and authorities as may be necessary or proper (including the undertaking and indemnities required to be given to Municipal other concerned authorities and the acts done by him and the documents signed by him shall bind all other partners and the firm. This exclude the power defined for and under in Clause Nos. 14, 15 and 16." 4. Original of the said Deed of Partnership was executed on stamp paper of Rs. 100/- and the duplicate thereof on stamp paper of Rs. 10/-. The petitioners have in their possession the duplicate of the said Deed of Partnership executed on stamp paper of Rs. 10/- a zerox copy whereof has been annexed and marked as Exh. 'D' to the petition. The original of the said Deed of Partnership executed on stamp paper of Rs. 100/- is with the 6th respondent. No agreement in writing was arrived at amongst the parties to the said Deed of Partnership to alter and/or modify the said clauses or the agreements contained therein. 5. 'D' to the petition. The original of the said Deed of Partnership executed on stamp paper of Rs. 100/- is with the 6th respondent. No agreement in writing was arrived at amongst the parties to the said Deed of Partnership to alter and/or modify the said clauses or the agreements contained therein. 5. According to the petitioners, as agreed amongst the partners in the Company and incorporated in the aforesaid clauses of the said Deed of Partnership, the bank account or accounts of the Company could be opened and/or operated upon only by and under the joint signatures of the 6th respondent and the 1st petitioner and that the sales and/or disposal of the premises could be affected and/or rights therein could be created only by and under the joint signatures of the 6th respondent and the 1st petitioner. According to the petitioners, the 6th respondent while acting in collusion with the respondents 2 to 11 and with fraudulent intentions of causing wrongful gains to himself alongwith the respondents 2 to 11 and with fraudulent intentions of causing wrongful gains to himself alongwith the respondents 2 to 11 and wrongful loss on to the petitioners and the respondents 12 to 21 dishonestly changed internal pages 11, 12, 13 and 14 of the original of the said Deed of Partnership which was with the 6th respondent and thereby wrongfully and dishonestly removed the joint control of the 1st petitioner in opening and/or operating bank account or accounts of the Company as also in effecting sales and/or disposal of the premises and/or creation of rights therein in favour of third parties and assumed the entire control and/or powers to himself to the exclusion of the 1st petitioner representing the members of the group B. With intent to attain the said sinister objective, the 6th respondent while acting in collusion with the respondents 2 to 11 have changed the said Clauses 16 and 17 of the said Deed of Partnership and such changed in the original of the said Deed of Partnership now read as under: Clauses 16." It has been expressly agreed by and between the parties hereto that the sales and/or disposal of the premises (office/shops/stalls etc.) and/or any rights on ownership basis or otherwise shall be validly affected by and under the signature of the said Bhagwandas only or as may be mutually agreed upon by and between the parties in writing. Clause 17. Clause 17. The said Bhagwandas shall be the Managing Partner and as such have full power and absolute authority to do or caused to be done all acts, deeds matters and things necessary for the smooth and effective day to day management of the partnership business and affairs and development of the said project and for the purpose to sign and execute all documents, papers and authorities as may be necessary or proper (including the undertaking and indemnities required to be given to Municipal other concerned authorities and the acts done by him and the documents signed by him shall bind all other partners and the firm." By reason of change in the said Clause 16 effected, the word "joint" in line five thereof and words "and Pravinchandra" in line six thereof have been deleted from the original of the said Deed of Partnership which is on stamp paper of Rs. 100/- whereas these words are contained in the duplicate of the said Deed of Partnership which is on stamp paper of Rs. 10/-. Similarly, the words "this excluse the power defined for and under the Clause Nos. 14 and 15 and 16" appearing in the last line of Clause 17 incorporated in the duplicate of the said stamp paper of Rs. 10/- has been deleted from the Clause 17 and incorporated in the original of the said Deed of Partnership. According to the petitioners, these changes have been fraudulently effected by the 6th respondent while acting in collusion with the respondents 2 to 11. According to the 6th respondent, these changes have been effected by the petitioners in the duplicate of the said Deed of Partnership. 6. Despite the fact that the 6th respondent had the opportunity to produce the original of the said Deed of Partnership which is on stamp paper of Rs. 100/- and request made by the Court to Mr. Ghelani, the learned Counsel appearing for the 6th respondent, to produce the original thereof for perusal of the Court, the same has been intentionally kept back and not produced in the Court. I have perusal the duplicate of the said Deed of Partnership which is on stamp paper of Rs. 10/- which has been produced by Mr. Ghelani, the learned Counsel appearing for the 6th respondent, to produce the original thereof for perusal of the Court, the same has been intentionally kept back and not produced in the Court. I have perusal the duplicate of the said Deed of Partnership which is on stamp paper of Rs. 10/- which has been produced by Mr. Parekh, the learned Counsel appearing for the petitioners, and have compared the same with a zerox copy of the original of the said Deed of Partnership on stamp paper of Rs. 100/- which is annexed and marked as Exhibit K-1 to the petition. The spacing in between the words "the partnership" in opening sentence of Clause 14 in the original of the said Deed of Partnership differs from the duplicate thereof. Similarly, I have noticed that in Clause 17 as incorporated in the original of the said Deed of Partnership to accommodate deletion of word "joint" in line five and words" and Pravinchandra" in line six thereof, the spacing has been adjusted. This is obvious to naked eyes. Deletion of the sentence. "This exclude the power defined for and under in Clause Nos. 14, 15 and 16" from Clause 17 as incorporated in the original of the said Deed of Partnership is clear from the clause itself. The original of the said Deed of Partnership has been in the custody of the 6th respondent and not with the petitioners. The duplicate of the said Deed of Partnership which is on stamp paper of Rs. 10/- duly executed by the parties thereto has been with the petitioners and the petitioners have produced the same in Court. There are no corresponding changes effected in the duplicate of the said Deed of Partnership which have been effected in the original thereof which is admittedly in the custody of the 6th respondent and which has not been produced in Court though the production thereof was demanded. Prima facie, in the facts of the case and material produced before me, I am satisfied that the alterations and/or changes in the said pages and/or clauses in the original of the said Deed of Partnership which is on stamp paper of Rs. 100/- have been effected by the 6th respondent with mala fide intentions. 7. It is also the case of the petitioners that only two accounts with Canara Bank. 100/- have been effected by the 6th respondent with mala fide intentions. 7. It is also the case of the petitioners that only two accounts with Canara Bank. New Marine Lines, Branch, were agreed to be opened in the name of the Company to be operated with the joint signatures of the 1st petitioner and the 6th respondent. Subsequently, an account with Vijaya Bank for an overdraft facility was agreed to be opened and operated with the joint signatures of the 1st petitioner and the 6th respondent. The 1st petitioner and the 6th respondent had signed a Letter of Undertaking in favour of the Vijaya Bank not to sell, mortgage, lease or create third party rights in respect of the said immoveable property. According to the petitioners, despite the said undertaking, the 6th respondent has wrongfully executed documents purporting to create rights in respect of the said immoveable property in favour of Tata Locomotive and Engineering Co. Ltd. (hereinafter referred as 'Telco'), the co-respondent in the application with fraundulent intention to derive secret benefits to the exclusion of the petitioners and the respondents 12 to 21. The construction of the building at the said immoveable property commenced in the year 1988 and the petitioners and the members of Group B have invested large sums of money therein aggregating to approximately Rs. 62,50,000/-. According to the petitioners, the respondents 2 to 11 have committed breach of trust and have acted in the manner which was prejudicial to the interest of the petitioners, the company and the members of Group B. 8. Towards the end of the month of February, 1992 the 1st petitioner reliably learnt that the 6th respondent was dealing with the said immoveable property to the exclusion of the 1st petitioner. The 1st petitioner also learnt that certain documents were executed by the 6th respondent on behalf of the Company purporting to create certain rights in or upon or in respect of the said immoveable property, the only capital asset of the Company in favour of Telco with consent of the petitioners and the respondents 12 to 21. Copies of such impugned documents were not made available to the petitioners. The 1st petitioner also learnt that certain amount to the tune of Rs. 12 crores was already received by the 6th respondent from TELCO. Copies of such impugned documents were not made available to the petitioners. The 1st petitioner also learnt that certain amount to the tune of Rs. 12 crores was already received by the 6th respondent from TELCO. The 1st petitioner protested against the said high handed acts of 6th respondent and also addressed letters dated 6th March, 1992 to Canara Bank. The 1st petitioner requested the said Bank to furnish statements of account of the two accounts opened with the said Bank. Alongwith letter dated 9th March, 1992, the said Bank furnished two Bank statements, from which it was noticed that the 6th respondent while purporting to act on behalf of the Company, had fraudulently received a sum of Rs. 12 crores in two instalments of Rs. 6 crores each in the months of November, 1991 and January, 1992 from Telco and that the said amounts were immediately thereafter withdrawn by 6th respondent and/or members of Group A by the transfers or otherwise without having the account jointly operated from the 1st petitioner. The 1st petitioner thereafter contacted the Vijaya Bank and requested for a copy of a Deed of Partnership submitted by the 6th respondent to the said Bank, which was furnished by the said Bank along with its letter dated 16th March, 1992. On perusal of the said copy, the 1st petitioner found that a fraud was committed by the 6th respondent by changing the pages of the original of the said Deed of Partnership as aforesaid. It is also the case of the petitioners that by practising fraud, forgery and manipulation in the said original Deed of Partnership, respondents 1 to 10 through respondents 4 and/or 6 gained full control of the Company and operated the said Bank accounts to the prejudice and detriment of other members/creditors/partners of the Company and large amounts have been siphoned away by them. The mortgage Deed as also the lease deed purported to have been executed by the 6th respondent on behalf of the Company in favour of the co-respondent (Telco) are bogus, sham and colourable documents executed to circumvent the provisions of law and to defraud the petitioners and members of Group B. The value of the said immoveable property is more than Rs. 25 crores which has been deliberately grossly unvalued by the 6th respondent to derive secret benefits to himself and members of his Group 'A' and to defraud the petitioners and members of Group B. 9. Prima Facie, it appears that the Deed of Lease dated 2nd April, 1992, relied upon by the 6th respondent was executed in haste without completing usual formalities and taking usual precautionary measures after receipt of the letter dated 9th April, 1992 and from the 1st petitioner. Although the possession of the said property is alleged to have been given by the 6th respondent to Telco, the co-respondents simultaneously with the execution of the said impugned Deed of Lease dated 2nd April, 1992, the lease rent is to commence from 1st June, 1992 and the receipt of occupation certificate as also the completion certificate in respect of the building under construction at the said immoveable property are awaited. As a matter of fact, the construction work of the building at the said immoveable property is not yet completed. In the circumstances of the case, prima facie it does appear that the respondents 2 to 11 and the co-respondents are acting in collusion with each other adversely affecting the rights and interest of the petitioners and respondents 12 to 21 in the said immoveable property and affairs of the Company. The impugned transactions, prima facie appear to be collusive and of no legal effect, more particularly in view of the fact that the 6th respondent had no authority either implied or otherwise in law to act singularly on behalf of the Company in dealing with or disposing of or encumbering the said immoveable property to the exclusion of others. 10. According to respondents 1, 6, 8 and 9 as also the co-respondents, the petition is not maintainable. Prima facie, I am satisfied that the petition as framed and filed is maintainable. However, the issue as to maintainability of the petition is kept open to be considered at a later stage on proper affidavits being filed by the concerned parties. 11. According to respondents 1, 6, 8 and 9 as also the co-respondents, the petition is not maintainable. Prima facie, I am satisfied that the petition as framed and filed is maintainable. However, the issue as to maintainability of the petition is kept open to be considered at a later stage on proper affidavits being filed by the concerned parties. 11. Since the transactions purportedly entered on behalf of the Company by the 6th respondents are prima facie, of colourable nature and not beyond doubt, in my view, pending the hearing and final disposal of the Company Application, the petitioners should be granted ad-interim reliefs so as to protect the interest of the petitioners and prevent further dealings in or in respect of the said immoveable property. 12. In the circumstances, I pass the following order: Leave to amend the petition and Judges' Summons in terms of the draft amendments handed in and marked 'x'. Amendments to be carried out within one week. Leave under Rule 19(3) of the Companies (Court) Rules, 1959 granted to the applicants to take out Judge's Summons in terms of the draft Judge's Summons handed in. Judge's Summons returnable on 11th June, 1992 and to be high on board on that day. Ad-interim order in terms of prayer (a) of the draft Judge's Summons with the exclusion of the portion bracketed in red pencil therein (i.e. "including the power to take all steps and adopt all .......... in Exh. 'A' to the petition. Ad-interim injunction in terms of prayer (c) of the draft Judge's Summons excluding the portions bracketed in red pencil therein (i.e. "in any manner taking possession of and/or", "or entering upon "and" dealing with" and with the addition of the words "also from exercising the option to purchase the property mentioned in Exh. 'A' under the Indenture of Lease dated 2nd April, 1992" at the end of the said prayer. Liberty to apply for vacating ad-interim order to the vacation Judge after all affidavits are filed and if urgency is made out. Mr. Ghelani applies for stay of the operation of ad-interim order passed. Application is refused. Certified copy of the order be issued on priority basis. Order accordingly. -----