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2020 (9) TMI 890 - Tri - Insolvency and BankruptcyApproval of Resolution Plan - payment of award amount - HELD THAT:- Since the petitioner says that they have 30 per cent of shareholding in the first respondent company and have also filed application under 241- 242 of the Companies Act, this application ought to be decided in the interest of justice. In IA No. 17/CTB/2020, the first respondent shall not distribute the award amount to the second respondent until further orders of this Tribunal. The respondents shall file their counter on or before 31.03.2020 in the registry after serving the copy to the other side. Petitioners shall file their rejoinder, if any on or before 13.04.2020. Post the matter on 17.04.2020 for further hearing.
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