Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2020 (3) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (3) TMI 1397 - Tri - Companies LawSeeking leave to late filing of reply affidavit - HELD THAT:- The application under consideration is an execution application and respondent No. 1 challenges its maintainability. Though we heard the Ld.counsel, she requested further time. So in order to maintain statues que of the assets of the R1 company, it is fair and just to restrain the R1 from alienating and encumbering its property till the disposal of the application. Otherwise there is every likely hood of defeating the interest of the petitioners from realising the amount agreed to be paid by the respondents as per the consent decree. The R1 is retrained from creating third party interest in respect of the assets of the R1 until the disposal of the application - R-2 seeks time to file reply affidavit. 2 weeks' time is granted from today to file reply affidavit by serving copy to the other side. Rejoinder may be filed within 2 weeks of receipt of the reply affidavit by serving copy to R-2. Matter stands adjourned to 24/04/2020 for hearing as to the maintainability of the application.
|