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TMI Blog2021 (9) TMI 739X X X X Extracts X X X X X X X X Extracts X X X X ..... y, Member (T) For the Appellant : R. Pandey and K.M. Mahanta, Advocates For the Respondents : P. Sancheti and R.J. Das, Advocates ORDER 1. Matter is taken up through video conferencing. The Learned Counsel for the Petitioner is present. The Learned Counsels for the Respondent are also present. Heard both the sides at length. 2. In compliance with the earlier order of this Bench, the Responden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Company has paid Rs. 94.05 lacs (approx.) (Rs. 58.87 lacs + Rs. 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of amount (approx.) claimed and amount (approx.) offered. However, they may once again talk to their clients in the light of the possibility of resolution of the matter. 5. Both the parties have confirmed that the Affidavits filed have been exchanged with each other. We have perused the documents, Affidavits submitted by both the sides. However, certain clarifications/papers/documents relating t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 alo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the Standard Chartered Bank, CDR, Consortium Lenders, OTS settlement only for these 30 (thirty) lacs shares by 23.04.2021. 10. Both the Petitioner as well as the Respondent Company are at liberty to discuss, negotiate and settle the matter. The Directors or the Senior Officials of both the Petitioner and the Respondent Company conversant with the matter of these 30 (thirty) lacs share are at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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