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2022 (5) TMI 1510 - HC - SEBIInterim Application filed by SEBI for impleadment in Commercial Suit and for seeking stay / recall of the order passed in Interim Application - HELD THAT:- This Court while granting ad-interim relief by the above orders has directed Defendant No. 2 to call for a meeting of the debenture holders of Defendant No. 1 within two weeks of the order for the purpose of consideration and approval of the beneficial owners or debenture holders and the settlement offer / compromise / arrangement / resolution plan approved by ICA lenders on 19.06.2021 and further directing that the calling / conducting and voting at such meeting would be governed by the terms of the respective debenture trust deeds. After hearing the parties and considering various orders placed before this Court, it is directed at this stage that the results of the voting of the meeting to be conducted on 13.05.2022 by placed in a sealed envelope before this Court.
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