2018 (4) TMI 1730

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..... ned to stay of the impugned order for the present, give liberty to State Bank of India/ Convenors of Joint Lenders to reach agreement to sale/ sale deed with regard to the mortgaged properties of the Company with any reliable purchaser and will keep the amount in a separate Escrow Account, which shall be subject to the decision of the appeal. If the State Bank of India intends to execute sale deed .....

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..... No. 42 of the impugned order dated 12th March, 2018. In other words, whether impugned interim order is in consonance with sub-section (4) of Section 242 of the Companies Act, 2013. Let notice be issued on Respondents. Mr. Ashish Prasad, Advocate accepts notice on behalf of 1st to 10th Respondents (contesting Respondents), who has already filed caveat. No notice need be issued to them. Contest .....

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..... India which is the Convenor of Joint Lenders with which the properties of the Appellant Company have been mortgaged. We have also heard them on the question of interim relief. Taking into consideration the fact that if the impugned order is stayed if will amount to grant of final relief, while we are not inclined to stay of the impugned order for the present, give liberty to State B .....

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