AnalytixInsight Inc V.ALY

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[Gulag2011]

 The Interim Orders provide, among other things, that: (a) a Court-ordered inspector (the “Inspector”) be appointed immediately to investigate allegations against Mr. Hariharan, including with respect to alleged insider trading, tipping, self-dealing, and lack of disclosure of material information to the Company and its shareholders, and against Mr. Kondragunta relative to his alleged assistance to Mr. Hariharan by approving the Company paying for Mr. Hariharan’s personal expenses; (b) the Inspector is to be chosen by way of Messrs. Hariharan, Kondragunta and Jith Veeravalli selecting from one of three candidates to be proposed by the applicants; (c) the Inspector have broad powers to investigate the allegations, with the Company being obliged to fund the cost of such investigation up to an initial maximum of $100,000, and the Inspector being obliged to prepare a report of his or her findings by a date to be agreed or ordered by the Court;