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TMI Blog2019 (6) TMI 848X X X X Extracts X X X X X X X X Extracts X X X X ..... d premises, the Company received a Term Sheet-cum-LOI from Perky General Retail (a business associate firm of Reliance Corporate IT Part Limited ) on 8th January, 2019 who wished to take the basement, ground and mezzanine floor of the aforesaid premises i.e. same area on a monthly rent of ₹ 5,75,425/. As we find that monthly rent of the same premises is much more than annual amount generated by the Company by giving it rent for banquet purpose, we are not inclined to interfere with the interim order passed by the Tribunal. Appeal dismissed - decided against appellant. - Company Appeal (AT) No. 64 of 2019 - - - Dated:- 11-6-2019 - Mr. S.J. Mukhopadhaya Chairperson and A.I.S. Cheema Member(Judicial) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e IA with a direction to the applicant to keep the rent in a separate account in the name of the company which could not be utilised for any purpose until the disposal of the CP and file periodical report in every three month in the Tribunal by giving copy to the respondent. In the meanwhile Ld. Counsel for the applicant prays for filing rejoinder to the objections filed by the respondent. To be filed with in two week. Upon the above said observation permission to let out is granted. List the IA for hearing along with the CP to 10.05.2019. 3. Company Petition for oppression and mismanagement was filed by the Appellant/ Petitioner wherein earlier the following order was passed by the Tribunal on 14th February, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s in the aforesaid background, the Tribunal having noticed the submissions, passed the impugned order allowing the Company to give it on rent to the party. 7. The Respondents have filed the Report of the Chartered Accountant (G L Harlalka Co.) dated 8th May, 2019 from which we find that income on account of hire charges for Banquet Hall (Special Event) in ground and Mezzanine Floor in respect of premises No. RAA-36, V.I.P. Road, Kolkata- 700059 is ₹ 4,75,000/- for the period from 1st April, 2017 to 31st March, 2018. 8. On the other hand, we find that for the said premises, the Company received a Term Sheet-cum-LOI from Perky General Retail (a business associate firm of Reliance Corporate IT Part Limited ) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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