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2017 (4) TMI 932

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..... al Liquidator, who with his team, shall make the valuation and proceed with the auction. Learned counsel appearing for the contemnor shall provide all the necessary details of the property also to the Official Liquidator within forty-eight hours. If the Official Liquidator requires some amount, which is reasonable, as agreed to by Mr. Datar, he can make a requisition for the same, and the same shall be paid from the SEBI Sahara Refund Account. Mr. Pratap Venugopal, learned counsel assisting Mr. Datar shall forward this order to the Official Liquidator of the Bombay High Court and also all the details that of the Aamby Valley City near Lonavala, as submitted by the contemnor to this Court, so that the Official Liquidator can verify from the .....

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..... urshid, Sr. Adv., Mr. Narendra Hooda, Sr. Adv., Mr. Gautam Awasthi, AOR, Mr. Ayush Choudhary, Adv., Mr. Rahul Tripathi, Adv., Mr. Sarthak Nayak, Adv., Mr. Tushar Gupta, Adv., Mr. Nikhil Jain, Adv., Mr. Simranjeet Singh, Adv., Ms. Neha Gupta, Adv., Mr. Gautam Talukdar, Adv., Mr. Ram Sajan Yadav, Adv., Mr. Vijay Kumar, Adv., Mr. Vivek K. Tankha, Sr. Adv., Mr. R.V. Prabhat, Adv., Mr. Sachin Pujari, Adv., Mr. Prashant Kumar, AOR Mr. Ramesh Babu M. R., AOR Ms. Swati Setia, Adv., Mrs. Anil Katiyar, AOR Mr. Rakesh Kr. Sharma, AOR Mr. Amit Anand Tiwari, AOR Mr. Yash Pal Dhingra, AOR Mr. P.N. Puri, AOR Mr. Vishwajit Bhattacharya, Sr. Adv., Mr. Pawan Upadhyay, Adv., Mr. Sarvjit Pratap Singh, Adv., Ms. Sharmila Upadhyay, AOR Mr. C.K. Sasi, AOR Mr. Rat .....

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..... been done. It is submitted by Mr. Sriram that after due diligence, the Company has found that there is difficulty to go with the transaction. The said interlocutory application has been filed by the Power of Attorney Holder, Dr. Prakash Swamy, who is the deponent to the application. As an affidavit of this nature was filed before this Court, we would like Mr. Rana Mukherjee, learned senior counsel appearing for the Union of India to intimate the Ministry of External Affairs, Government of India, so that Dr. Prakash Swamy does not leave India. The Union of India shall also issue a Red Corner Notice against Dr. Prakash Swamy in the course of the day. It is further directed that Dr. Prakash Swamy shall deposit a sum of ₹ 10,00,00,0 .....

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..... erty also to the Official Liquidator within forty-eight hours. If the Official Liquidator requires some amount, which is reasonable, as agreed to by Mr. Datar, he can make a requisition for the same, and the same shall be paid from the SEBI Sahara Refund Account. Mr. Pratap Venugopal, learned counsel assisting Mr. Datar shall forward this order to the Official Liquidator of the Bombay High Court and also all the details that of the Aamby Valley City near Lonavala, as submitted by the contemnor to this Court, so that the Official Liquidator can verify from the contemnor and, thereafter, proceed in accordance with law. If the contemnor, as directed herein-above, gives the necessary details within forty-eight hours from the date of information .....

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