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TMI Blog2019 (1) TMI 1914X X X X Extracts X X X X X X X X Extracts X X X X ..... tuted and in the meantime, the Infrastructure Leasing and Financial Services Ltd. (ILFS) and its Board may be allowed to proceed with the matter. In such case, the parties are directed to address as to why this Appellate Tribunal will not direct that while matter to be supervised by a (Retired) Hon ble Supreme Court Judge. Pending arbitration proceedings - HELD THAT:- If any pending before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2018 - - - Dated:- 11-1-2019 - Justice S.J. Mukhopadhaya Chairperson and Justice Bansi Lal Bhat Member(Judicial) For the Appellant : Mr. Sanjay Shorey, D(L P), Ministry of Corporate Affairs. Mr. Sarojanand Jha and Ms. Purva Kohli, Advocates for impleaders. For the Respondent:- Mr. Ramji Srinivasan, Senior Advocate with Ms. Gauri Rasgotra, Mr. L. Vishwanathan, Mr. Raunak Dhillon, M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a Committee of Creditors may be required to be constituted for determining the viability, feasibility and financial matrix of the plan or offer, if any, given by one or other party for acquisition of one or other Group Companies or its assets and in absence of any knowledgeable person like Resolution Professional , such Committee of Creditors cannot be constituted and in the meantime, the I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LFS or any of its Group Companies. Sealed cover will be kept till the final decision of the petition under Sections 241 242 of the Companies Act, 2013 pending before the National Company Law Tribunal, Mumbai Bench. However, if the award is given in favour of the ILFS or any of its Group Companies, in such case, the award need not be kept in a sealed cover, even during the pendency of the Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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