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2022 (8) TMI 505 - Tri - Companies LawSeeking direction to transfer the petitions and other proceedings in its present stage, before the Hon'ble Principal Bench at New Delhi - HELD THAT:- The entire gamut of the investigation arises from the transaction of Adarsh Credit 85 Cooperative Society Limited (ACCSL) which allegedly took money from public and several key persons concerned with this society, allegedly siphoned off amounts to various individuals and group companies. Taking note of the factors which has been stated by the applicant and keeping in mind the fraud alleged which is to the extent of ₹ 5003 Crores and the various proceedings pending before different NCLT Benches, the interim Orders those have been passed and the applications which have been filed and likely to be filed by the interveners, it will be appropriate in the interest of applicant/Union of India as well as the various respondents to have a common Bench for hearing of all the matters on merits. The plea of prejudice to respondents is a mirage. The various Company Petitions pending before different bench of Chandigarh, Jaipur, Ahmedabad, Kolkata, Chennai and Allahabad as set out in the prayer are directed to be transferred to New Delhi Bench along with all interim applications and case files. Thereafter, all the Company Petitions as mentioned in the prayer will be transferred to a Special Bench consisting of Sh. Dharminder Singh, Member (Judicial) with Sh. Binod Kumar Sinha, Member (Technical). Petition disposed off.
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