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2014 (5) TMI 1155 - HC - Companies LawApplication for modification of the earlier order and permitting the sale of certain assets of the respondent No.1-Company - Held that:- Under Section 10(F) of the Companies Act, appeal has been provided against the order of the Company Law Board to this Court on any question of law arising out of such order. The arguments which have been advanced by the counsel for the appellants reveals that these are the issues relating to fact and not to the pure question of law, therefore, no ground is made out at this stage to entertain the present miscellaneous company appeal. Considering the nature of grievance which the appellants has raised before this Court and also considering the stand of the respondents before this Court, it is of the opinion that interest of justice would be served in permitting the appellants to file an appropriate application before the Company Law Board raising the grievance which they have raised before this Court, and also permitting the appellants to make a request to the learned Judge appointed by the Company Law Board as Observer- Cum-Facilitator to not to proceed with the sale of the assets of the respondent No.1-Company till the application, if any, in pursuance to the liberty granted by this Court is decided by the Company Law Board.
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