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2019 (2) TMI 1871 - AT - Companies LawTerritorial Jurisdiction - exclusion of ‘Offshore Group Entities’ from the purview of the interim order passed by this Appellate Tribunal - HELD THAT:- The Board of Directors of ‘IL&FS’ are allowed to permit all “Green Entities” including the entities which may be declared ‘Green’ out of the 100 entities to service their debt obligations as per scheduled repayment, which should be within the ‘Resolution Framework’ as described in the affidavit dated 25th January, 2019 and subject to the supervision of the Hon’ble Justice (Retd.) D.K. Jain. In so far “10 Amber Entities”, prayer has been made to permit “Amber Group Entities” to make necessary payments only to maintain and preserve them as “Going Concern”. Post these appeals ‘for orders’ on 12th March, 2019 at 4.00 p.m.
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