Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2017 (9) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (9) TMI 1618 - Tri - Companies LawNotice of termination of the contract with J.V. Company - prayer made to set aside the notice of termination and declare each of the Operating Licence Agreements/ Franchise Agreements in respect of 145 restaurants to be valid and subsisting - further direction has been sought to non applicant-respondent Nos. 2 to 5 to execute Operating Licence Agreements/ Franchise Agreements in respect of 20 restaurants as per the notice of termination - Held that:- This application at this stage would not be maintainable because both the applications as well as non applicant-Respondent No.l have filed their respective appeals which are pending before the Learned National Company Law Appellate Tribunal. It is no dispute that the present issue in question pertaining to notice of termination dated 21.08.2017 has already been placed before Hon'ble NCLAT in the pending appeal. We further feel that at this stage it would be unnecessary because Hon'ble Justice G.S. Singhvi, the administrator appointed by us by order dated 13.7.2017 granted applicant leave to file application for interim relief before the National Company Law Appellate Tribunal.
|