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TMI Blog2018 (2) TMI 1420X X X X Extracts X X X X X X X X Extracts X X X X ..... Company Judge in consultation with Justice A.S. Oka and due intimation thereof shall be given to the contemnor. (iii) The symbolic possession of the properties of the Aamby Valley Limited taken by the Court Receiver, Bombay High Court from 11th to 14th December, 2017, stands confirmed. (iv) The Court Receiver is conferred with all the powers under the Code of Civil Procedure to deal with all the situations and events prevailing and occurring in Aamby Valley City on an almost daily basis and/or in relation to its properties so that the actions already taken and/or proposed to be taken are not impeded or obstructed in any manner by any person. (v) The Court Receiver is permitted to take such actions as may be necessary for compliance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... D 9833 OF 2011 And I.A. No.88721/2017 In Cont.Pet.(C) Nos.41 - - - Dated:- 7-2-2018 - MR. RANJAN GOGOI AND MR. A.K. SIKRI, JJ. For The Petitioner : Mr. Arvind P. Datar, Sr. Adv. Mr. Pratap Venugopal, Adv. Ms. Surekha Raman, Adv. Mr. Anuj Sarma, Adv. Ms. Niharika, Adv. Mr. Aman Shukla, Adv. Ms. Kanika Kalaiyarasan, Adv. M/s. K J John And Co. For The Respondent : Mr. Vikas Singh, Sr. Adv. Mr. Narender Huda, Sr. Adv. Mr. A.K. Gupta, Sr. Adv. Mr. Gautam Awasthi, AOR Mr. Simranjeet Singh, Adv. Mr. Ayush Choudhary, Adv. Mr. Tushar Gupta, Adv. Mr. Rahul Tripathi, Adv. Mr. Vijay Kumar, Adv. Ms. Mahima Deepak, Adv. Mr. Vishnu Sharma, Adv. Ms. Deepika, Adv. Mr. Darius Khambatta, Sr. Adv. Mr. Rashmikant, Adv. Mr. Aniruddha P. Mayee, AOR Mr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Aamby Valley Limited on 11th, 12th, 13th and 14th December 2017 may be confirmed till further orders; ( b) Court Receiver may be conferred with all the powers under Order XL, Rule 1 of the Code of Civil Procedure, 1908, to deal with all situations and events prevailing and occuring in Aamby Valley City on an almost daily basis and/or in relation to its properties so that the actions already taken and/or proposed to be taken are not impeded or obstructed in any manner by any person; ( c) Court Receiver may be permitted to take such actions as may be necessary for compliance of the orders and directions of this Hon ble Court in relation to Aamby Valley City and the movable and immovable properties of which symbolic possession ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lot(s), jointly or separately or otherwise, in accordance with the modalities/fixation of the reserve price and/or terms by the Hon ble Company Judge of the Bombay High Court acting in consultation with Hon ble Mr. Justice A.S. Oka of the Bombay High Court; ( g) To permit the Official Liquidator, Bombay High Court to sell/auction all or any of the movable assets which are lying in the Aamby Valley City inclusive of luxurious cars, Trucks, electronic goods, air-gliders etc., with the approval of and after getting its reserve price fixed by the Hon ble Company Judge of the Bombay High Court acting in consultation with Hon ble Mr. Justice A.S. Oka of the Bombay High Court. ( h) To approve the action of Official Liquidator to take ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt acting in consultation with Hon ble Mr. Justice A.S. Oka of the Bombay High Court as appointed by this Hon ble Court; ( l) The petitioner SEBI be directed to remit/make available funds as may be requisitioned from time to time by the Court Receiver and/or the Official Liquidator with the approval of the Hon ble Company Judge of the Bombay High Court acting in consultation with Hon ble Mr. Justice A.S. Oka of the Bombay High Court; for the purpose of action/s taken, required to be taken for implementation of the orders and directions of the Hon ble Supreme Court of India; and ( m) To direct SEBI or the Ld. Amicus Curiae in the matter to assess the reasonability of the professional charges that may be paid to Shardul Amarchan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance of the Court Receiver and after obtaining appropriate directions from the learned Company Judge in consultation with Justice A.S. Oka, can go ahead to sell the movable properties and, thereafter, proceed to sell the immovable properties which find mention in paragraph (a) of the prayer clause. (ii) The amount spent by the Official Liquidator and the Court Receiver shall be reimbursed by the SEBI after getting approval from the learned Company Judge in consultation with Justice A.S. Oka and due intimation thereof shall be given to the contemnor. (iii) The symbolic possession of the properties of the Aamby Valley Limited taken by the Court Receiver, Bombay High Court from 11th to 14th December, 2017, stands confirmed. (iv) The C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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