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2017 (2) TMI 416 - SUPREME COURT OF INDIA

2017 (2) TMI 416 - SUPREME COURT OF INDIA - TMI - Public auction - Attachment orders - Held that:- We direct that the contemnors shall file a list of properties that can be put to public auction. Needless to emphasize that the properties suggested for public auction shall be free from any encumbrance. Needless to say, “any encumbrance” means it shall not be encumbered in any manner whatsoever. The said list be positively filed on or before 27th February, 2017, after giving a copy to the learned .....

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tra, 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. - Thus we are of the convinced opinion that the property situated at Aamby Valley City, Pune, should be attached and, accordingly, it is so ordered. - I.A. Nos.83-85/2015,104-106/2015, 131/2015, .....

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Petitoner : Mr. Shekhar Napahade, Sr. Adv. (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 Pa .....

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.K. Gautam, Adv., Mrs. Anil Katiyar, AOR Mr. Rakesh Kr. Sharma, AOR Mr. Amit Anand Tiwari, AOR Mr. Yash Pal Dhingra, AOR Mr. P.N. Puri, AOR Ms. Sharmila Upadhyay, AOR Mr. Saiby Jose Kidangoor, Adv., Mr. C.K. Sasi, AOR Mr. G. Sivabalamurugan, AOR Ms. Vandana Sehgal, AOR Mr. Anand Daga, Adv., Mr. Maninder Singh, ASG Mr. D.L. Chidananda, Adv., Mr. A.K. Srivastava, Adv., Ms. Sushma Manchanda, Adv., Mr. Manoj Singh, Adv., Mr. B.K. Prasad, AOR Mr. Ankur S. Kulkarni, AOR Mr. Anupam Lal Das, AOR Mr. Ani .....

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arlier order dated 28th November, 2016, dismissed the application for extension of time to deposit ₹ 600 crores. Be it noted, on that day, it was submitted by Mr. Kapil Sibal, learned senior counsel appearing for the contemnors that they may be permitted to transfer thirty-five million pounds equivalent to ₹ 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. Ra .....

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d counsel appearing for the SEBI. That apart, two deposit slips have also been handed over to the learned counsel for the SEBI. In essence, the order passed on 28th November, 2016, stands complied with. The question that emerges for consideration is with regard to payment of entire principal sum. The issue of amount of interest shall be adverted to after deposit of the principal amount. Mr. Sibal, learned senior counsel has given a road map stating, inter alia, that the principal amount shall be .....

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