This case concerns appeals against the Monopolies and Restrictive Trade Practices MRTP Commission s decision regarding the legal characterization of shares and convertible debentures before allotment The appellants argued that ... the issue of equity shares linked with debentures amounted to restrictive and unfair trade practices under the MRTP Act The respondents contended that convertible debentures do not qualify as goods under Section e of the MRTP Act until allotment and that their actions were consistent with lawful trade practices