TMI Blog2021 (9) TMI 739X X X X Extracts X X X X X X X X Extracts X X X X ..... CICI Bank and the Standard Chartered Bank are directed to file their clarifications in the form of an Affidavit enclosing the documents exchanged between the ICICI Bank and the Standard Chartered Bank, Standard Chartered Bank with the Consortium Lenders and the Respondent Company relating to only these 30 (thirty) lacs shares before 23.04.2021 - the Senior Officials of ICICI Bank and Standard Chartered Bank conversant with these 30 (thirty) lacs shares need to be present in next hearing along with their Counsels, if any, to clarify certain points which may be required for disposal of the matter. The Respondent Company is to file in the form of Affidavit all the documents/letters exchanged between itself with the Standard Chartered Bank, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing 04.08.2014 to 04.03.2015. It is submitted that the Respondent Company has paid ₹ 94.05 lacs (approx.) (₹ 58.87 lacs + ₹ 35.18 lacs) to the Standard Chartered Bank for the entire said shares of 30 (thirty) lacs. (b) The Learned Counsel for the Respondents has also cited certain judgments where in it is stated that no contempt, if compliance with the order will violate rules of applicable law or there is impossibility of performance etc. 3. On the other hand, the Petitioner has filed Additional Affidavit dated 12.03.2021 and the Learned Counsel appearing for the Petitioner submits that the Petitioner has bought the entire shares of 30 (thirty) lacs from the ICICI Bank and even, if the shares are settled with 25% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for under Rule 43 of the NCLT Rules from the parties in the form of an Affidavit by the Senior Authorised Officials of the Banks and the Company. 7. The ICICI Bank and the Standard Chartered Bank are directed to file their clarifications in the form of an Affidavit enclosing the documents exchanged between the ICICI Bank and the Standard Chartered Bank, Standard Chartered Bank with the Consortium Lenders and the Respondent Company relating to only these 30 (thirty) lacs shares before 23.04.2021. The Senior Officials of ICICI Bank and Standard Chartered Bank conversant with these 30 (thirty) lacs shares need to be present in next hearing along with their Counsels, if any, to clarify certain points which may be required for disposal of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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