2019 (11) TMI 1386

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..... and in view of the submissions made by the Petitioner we hereby direct both the parties to maintain status-quo for a period of 14 days, in the meanwhile, the Respondent is at liberty to proceed in exercising his rights as secured creditor after the next date of hearing. We also make it very clear that any sale that would taken up by the JM Financial Services, if it found to be in collusion with t .....

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..... Financial Services who is a party as respondents in this Application had fairly submits in his capacity i.e. Secured Creditor for the loan advanced to the respondent company and thereafter in view of the default committed by the Corporate Debtor, they are exercising their rights as secured creditor. It is also on record that the respondent No.5 i.e. J.M. Financial Services is a Secured Credi .....

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..... into very carefully and in view of the submissions made by the Petitioner we hereby direct both the parties to maintain status-quo for a period of 14 days, in the meanwhile, the Respondent is at liberty to proceed in exercising his rights as secured creditor after the next date of hearing. We also make it very clear that any sale that would taken up by the JM Financial Services, if it found to be .....

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