7&8 In reply to para nos. 7 and 8 of the Petition, it is submitted that the Petitioner is alleging that despite the Orders dated 12.03.2007 and 03.04.2007, the Respondent No. 1 took advances from the Respondent NO.s 2 to 4, and as such, committed contempt of the Court. The Petitioner has also relied upon the Balance Sheet of the Respondent No. 1 as on 31.03.2008. It is respectfully submitted that the Petitioner is deliberately trying to twist the facts. In this regard, it is submitted that the Respondent Nos. 2 to 4 were the Directors of the Respondent No. 1 when the aforesaid Collaboration Agreement dated 27.06.2005 was entered into. Further, since as per the Collaboration Agreement, the Respondent No.1 Company was to get three Floors i.e. the First Floor, Second Floor and the Third Floor, to raise the construction and for generating the funds, the three Directors, Mr. Avdhesh Mittal, Mr. Sunil Goel and Mr. Ashok Gupta and Mrs. Archana Gupta wife of the auditor of the company namely Mr. Manoj Gupta advanced money against the said Floors, however, the same was done much prior to the passing of the aforesaid Orders dated 12.03.2007 and 03.04.2007, which fact would be clear from the Balance Sheet filed by the Petitioner, which shows that the said advance against Floor amounting to Rs. 96,59,000/- was also there in the Balance Sheet as on 31.03.2007, meaning thereby that the said advances were received prior to the passing of the said Orders.
