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TMI Blog2021 (8) TMI 1275X X X X Extracts X X X X X X X X Extracts X X X X ..... to 4 from transferring, alienating, disposing, or in any manner dissipating the equity capital of RSIL held by them to the extent of an aggregate 11 % and/or in any manner dealing with such shares - seeking direction to Respondents No. I to 4 to get 11 % of the equity capital of RSIL (from among RSIL's shares held by them), released from the pledge to the lenders by paying off the requisite d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the statements made on their behalf. Application disposed off. - O.M.P.(I) (COMM.) 259/2021 - - - Dated:- 23-8-2021 - HON'BLE MR. JUSTICE VIBHU BAKHRU For the Appellant : Mr Mukul Rohatgi, Senior Advocate with Mr Sandeep Sethi, Senior Advocate with Mr H.S. Chandhoke, Mr Prashant Mishra, Mr Shalin Arthwan, Ms Aimen reshi, Advocates. For the Respondent : Mr A.S. Chandhiok, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. 5, and by seeking release of pledge over the said equity shares from the lenders upon repayment of their loans; C) Pending the aforesaid transfer, restrain the Respondents No. I to 4 from transferring, alienating, disposing, or in any manner dissipating the equity capital of RSIL held by them to the extent of an aggregate 11 % and/or in any manner dealing with such shares; d) Direct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... utes to arbitration nor do respondent nos. 1 to 4 acknowledge that they have any obligation to transfer or otherwise make available shares of respondent no.5 to the petitioner. He, however, fairly states that notwithstanding the objections, the respondent nos. 1 to 4 will continue to hold majority shares in respondent no.5 for at least a period of 90 (ninety) days from today and will not further e ..... X X X X Extracts X X X X X X X X Extracts X X X X
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