Sri J. Prabhakar, learned counsel for the respondents, would place before us an Office Note of the APHMEL, Kondapalli dated 3.10.2017, a copy of which has been handed over to Ms. V. Baby Rani, learned counsel for the petitioners, across the bar. The said Office Note contains the extract of the Minutes of the 209th meeting of the Board of Directors of the Company held on 4.9.2017. Para 8.3 thereof refers to several factors which the Board took into consideration and thereafter, at para 8.4, it is stated that after detailed deliberations, keeping in view the position of the Company brought out in Minute No. 8.3 and absence of assured orders and customer base, increase in cost of production, less competitiveness, the burden of higher wage cost of senior level employees and its consequent effect on cost of production and