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TMI Blog2017 (9) TMI 1900X X X X Extracts X X X X X X X X Extracts X X X X ..... noj Goel, Adv., Mr.Naman Kamboj, Adv., Mr.Shuvodeep Roy, AOR, Md.Izhar Alam, Adv., Mr.M.P.Singh, Adv., Mr.Fuzail Ahmad Ayyubi, AOR, Mr.Varun K.Chopra, Adv. For the Respondent : Mr.K.K.Venugopal, AG, Ms.Madhvi Divan, Adv., Ms.Nidhi Khanna, Adv., Mr.Ayush Puri, Adv., Mr.Tushar Mehta, ASG, Ms.Swarupama Chaturvedi, AOR, Mr.K.P.Singh, Adv., Mr.B.N.Dubey, Adv., Dr.Abhishek Manu Singhvi, Sr.Adv., Mr.L.Vishwanathan, Adv., Mr.Bishwajit Dubey, Adv., Ms.Srideepa Bhattacharya, Adv., Mr.Aditya Marwah, Adv., For M/s. Cyril Amarchand Mangaldas Aor, AOR, Mr.P.Chidambaram, Sr.Adv., Mr.J.K.Das, Sr.Adv., Mr.Shankh Sengupta, Adv., Mr.Sandeep Devashish Das, Adv., Mr.Pallav Shukla, Adv., Mr.Ramakant Rai, Adv., Mr.P.S.Patwalia, Sr.Adv., Mr.Pawan Upadhyay, Adv., ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... learned Attorney General for India. All applications for impleadment/intervention stand allowed." Mr.K.K.Venugopal, learned Attorney General for India appearing for respondent Nos.1 and 2 submitted that the order passed by this Court on 04.09.2017 needs to be vacated or modified because the consequence of the stay would be that the Management of respondent No.3 - Jaypee Infratech Ltd. would stand restored. This was not a consequence intended by this Court. It is urged by him that if the erstwhile Management of the said company continues, it will affect the rights of the creditors and the consumers as well. In the course of the hearing, we have been informed that after the order of stay was passed by this Court, the Interim Resolution Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this Court. The Interim Resolution Plan shall make all necessary provisions to protect the interests of the home buyers; b) Mr.Shekhar Naphade, learned senior counsel along with Ms.Shubhangi Tuli, Advocate-on-Record, shall participate in the meetings of the Committee of Creditors under Section 21 of the Insolvency and Bankruptcy Code, 2016 to espouse the cause of the home buyers and protect their interests; c) The Managing Director and the Directors of JIL and JAL shall not leave India without the prior permission of this Court; d) JAL which is not a party to the insolvency proceedings, shall deposit a sum of Rs. 2,000 crores(Rupees two thousand crores) before this Court on or before 27.10.2017. For the said purpose, if any assets or pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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