2017 (2) TMI 416

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..... dv. (A.C.), Ms. Shubhangi Tuli, Adv., Mr. Vikram Sobti, Adv., Mr. Pratap Venugopal, Sr. Adv., Ms. Surekha Raman, Adv., Mr. Anuj Sarma, Adv., Mr. Debarshi Bhuyan, Adv., Ms. Niharika, Adv., Mr. Aman Shukla, Adv., Ms. Kanika Kalaiyarasan, Adv., for M/s. K. J. John & Co. For The Respondent : Mr. Kapil Sibal, Sr. Adv., Mr. Narendra Hooda, Sr. Adv., Mr. Sanjiv Sen, Sr. Adv., Mr. Gautam Awasthi, AOR Mr. G. Bhatia, Adv., Mr. Ayush Choudhary, Adv., Mr. Nijam Pasha, Adv., Mr. Aarohi Bhalla, Adv., Mr. Rahul Tripathi, Adv., Mr. Nikhil Jain, Adv., Mr. Simranjeet Singh, Adv., Mr. Gautam Talukdar, Adv., Mr. Tushar Gupta, Adv., Mr. Ram Sajan Yadav, Adv., Mr. Vijay Kumar, Adv., Mr. Sarthak Nayak, Adv., Ms. Nida Doon, Adv., Mr. Gaurav Kejriwal, AOR Mr. Para .....

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..... unds equivalent to Rs. 285 crores (Rupees two hundred eighty-five crores only) lying in Saharas account in London bank. After hearing Mr. Arvind P. Datar, learned senior counsel for the SEBI and Mr. Rana Mukherjee, learned senior counsel appearing for the Union of India, this Court granted the permission. In pursuance of the aforesaid order, Rs. 295 crores (Rupees two hundred ninety-five crores only) has been transferred which is equivalent to thirty-five million pounds. Today, Mr. Kapil Sibal, learned senior counsel being assisted by Mr. Gautam Awasthi, learned counsel for the contemnors, has handed over ten bank drafts amounting to Rs. 2,862,750,000/- to Mr. Pratap Venugopal, learned counsel appearing for the SEBI. That apart, two deposi .....

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..... Mr. Naphade, learned Amicus Curiae, that the contemnors who own a property situate at Aamby Valley City, Pune, Maharashtra, would be sufficient for realization of the whole amount. Mr. Venugopal, insisted that the property should be attached so that the contemnors shall make all endeavour to deposit the amount with SEBI. The said submission is seriously opposed by Mr. Sibal, learned senior counsel for the contemnors. Having heard learned counsel for the parties, we are of the convinced opinion that the property situated at Aamby Valley City, Pune, should be attached and, accordingly, it is so ordered. The interim arrangement shall remain in force till the next date of hearing. Let the matter be listed at 2.00 p.m. on 27th February, 2017. .....

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