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TMI Blog2020 (8) TMI 399X X X X Extracts X X X X X X X X Extracts X X X X ..... ate appears for the Defendant no. 3. 2. CS(COMM) 1020/2018, in which the present application has been filed, was preferred by the plaintiff, for a decree of permanent injunction against Defendant No. 3 i.e. M/s. Aditya Estates Private Limited), from dealing, in any manner, with the property, situated at Plot No. 3, Bhagwan Das Road, New Delhi - 110001 (hereinafter referred to as the "suit property"). The civil suit is pending before this Court, and the next date of hearing, fixed in the matter, is 16th September, 2020. 3. Vide order, dated 17th July, 2018, this Court directed the maintenance of status quo, in respect of possession of the suit property. The said interim order continues to operate till date. 4. In the interregnum, the pres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Telecom Pvt. Ltd. Vs. ICICI Bank Ltd. & Ors.), and by Mr. A.K. Jajodia, one of the Directors of Defendant No. 3, vide WP(C) 2962/2019 (M/s. A.K. Jajodia & Ors. vs. ICICI Bank & Ors.). 7. In WP(C) 2960/2019 and WP(C) 2962/2019, this Court, vide order dated 26th March, 2019, stayed the proceedings before the learned DRT. The said order of stay continues till date, and WP(C) 2960/2019 and WP(C) 2962/2019 are stated to be next listed on 21st August, 2020. 8. In the interregnum, the plaintiff, as a financial creditor, preferred an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "the IBC"), on 6th August, 2018, for initiation of the Corporate Insolvency Resolution Process against Defendant No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12. In the Corporate Insolvency Resolution Process of Defendant No. 3, under the IBC, the final Resolution Plan submitted by Adani Properties Private Limited (hereinafter referred to as "APPL"), was approved by 93.01% votes of the Committee of Creditors. Under the said Resolution Plan, the APPL agreed to pay a total consideration amount of Rs. 265 crores for the resolution of Defendant No. 3. 13. The aforesaid Resolution Plan of APPL was approved by the learned NCLT, vide order, dated 14th February, 2020, which also discontinued the moratorium under Section 14 of the IBC, continuing till then. As a result of the Resolution Plan, there was a change in the management and ownership of Defendant No. 3, control of which was vested, thereafter w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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