9911796707
TMI Blog2018 (6) TMI 1642X X X X Extracts X X X X X X X X Extracts X X X X ..... nal"), Mumbai Bench, Mumbai, in a petition under Sections 241 and 242 of the Companies Act, 2013, an appeal was preferred by 'Reliance Infratel Limited & Ors.' and another appeal preferred by the 'State Bank of India', both impleading 'HSBC Daisy Investments (Mauritius) Ltd. & Ors.' as party Respondents. Both the appeals were heard on merit and subsequently parties reached a 'provisional agreement', which was taken note on 29th May, 2018 and on the request of the parties, the appeals were disposed of in terms of the 'provisional agreement'. However, it was pleaded that the 'consent terms' between the Appellants and the Respondents will await the outcome of the insolvency and proposed 'consent terms' and thereafter, they will reach the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imited. ...hereinafter collectively referred to as "Respondents" Appellants and Respondents are hereinafter collectively referred to as "Parties" and individually as "Party". 1. The Respondents are minority shareholders (holding 4.26% shares) in Appellant No. 1 Company. Being aggrieved by various acts of the majority shareholders (Appellant Nos. 2 and 3), the Respondents had filed a Company Petition No. 7 of 2016 against inter alia the Appellants alleging oppression and mis management, which is pending before the NCLT, Mumbai Bench. 2. The parties have now agreed to put an end to the ongoing disputes and in view thereof have entered into the present Consent Terms to be effective upon the order dated 15 May 2018 passed by the Mumb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and disposed of upon the Insolvency exit date. The Respondents agree and undertake to withdraw the Special Leave Petition (Civil) No. 9462 of 2018 pending before the Hon'ble Supreme Court of India within 15 days of signing of the present Consent Terms. 6. All parties withdraw all allegations against each other. 7. No order as to costs. Dated this _____ day of June 2018. For Reliance Infratel Limited (Appellant No. 1) For Reliance Communications Infrastructure Limited (Appellant No. 2) For Reliance Communications Limited (Appellant No. 3) For Agarwal Law Associates (Advocate for the Appellants) For (1) HSBC Daisy Investments (Mauritius) Limited (2) Drawbridge Towers Limited (3) Galleon Technology Off ..... X X X X Extracts X X X X X X X X Extracts X X X X
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