TMI Blog2018 (10) TMI 1853X X X X Extracts X X X X X X X X Extracts X X X X ..... ssue notice on Respondents, including newly impleaded Respondents by speed post. Requisite along with process fee, if not filed, be filed in course of the day. If the Appellant(s) provides the e-mail address of Respondents, let notice be also issued through e-mail. Dasti service is permitted particularly in the newly impleaded Respondents - Post these appeals for admission on 13th November, 2018 on the top of the list. - Company Appeal (AT) No. 346 of 2018 WITH Company Appeal (AT) No. 347 of 2018 - - - Dated:- 15-10-2018 - Justice S.J. Mukhopadhaya, Chairperson AND Justice A.I.S. Cheema, Member (Judicial) For Appellant : Mr. Tushar Mehta, Solicitor General with Mr. Sanjay Shorey, Director (Legal Prosecution) MCA, Mr. S. Ramakan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Group Companies till the Central Government issue appropriate notification with regard to one or other making the provisions applicable to them, refused to pass the interim order in view of prayer of Moratorium made by the Appellant- Union of India . Otherwise the Tribunal has appreciated the difficulties which are being faced by the IL FS and its 348 Group Companies. 3. The questions arise for consideration in these appeals are: (i) Whether the Tribunal can pass appropriate order under Section 241 read with Section 242 of the Companies Act, 2013 for resolution of the problems faced by the Company in a time-bound manner for maximisation of value of assets of the Company, to promote entrepreneurship, availability of credit and bal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Dasti service is permitted particularly in the newly impleaded Respondents. Post these appeals for admission on 13th November, 2018 on the top of the list. Taking into consideration the nature of the case, larger public interest and economy of the nation and interest of the Company and 348 group companies, there shall be stay of (i) The institution or continuation of suits or any other proceedings by any party or person or Bank or Company, etc. against IL FS and its 348 group companies in any Court of Law/Tribunal/Arbitration Panel or Arbitration Authority; and (ii) Any action by any party or person or Bank or Company, etc. to foreclose, recover or enforce any security interest created over the assets of IL FS and its 34 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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