2017 (1) TMI 1805

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..... e. For the Respondent : Mr. Vineet Sinha, Advocate , Mr. Rishi Pal and Mr. Hitesh Sachhar, Advocate ORDER   This writ petition is directed against an order dated 12.10.2015 passed by the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), New Delhi, dismissing Appeal No. 224/2011, filed by the petitioner, against an order dated 10.08.2011 of the Board for Industrial .....

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..... gh Court of Delhi and the matter is yet to be decided. It is not for BIFR or AAIFR to adjudicate this issue and come to any finding as to whether respondent no.13 is indeed a major shareholder in the appellant company or not? However, at this stage, keeping in view the facts and circumstances of this case, BIFR and AAIFR can only decide as to what would be the most prudent and equitable course of .....

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..... te this issue. The suit has since been transferred to the Saket District Court. The impugned order does not call for interference under Article 226 of the Constitution of India. In any case, with the enforcement of the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 w.e.f. 01.12.2016, the writ petition has become infructuous and the same is dismissed. Needless to mention that the p .....

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