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TMI Blog2019 (10) TMI 1501X X X X Extracts X X X X X X X X Extracts X X X X ..... for better proposal to raise more amount than the amount which can be raised on sale/transfer. Termination of Concession Agreement between NHAI and Fagne Songadh Expressway Limited which was reached for execution of Fagne Songadh Expressway Limited. - HELD THAT:- In the present case as the matter is being looked into by the Board of Directors and Committee constituted for individual group companies including two Expressway Ltd. including 'Fagne Songadh Expressway Limited', we are not inclined to deliberate on the issue, however, we are giving liberty to the Appellant to bring the facts to the notice of Board of Directors of 'ILFS' and Committee if constituted that it has already filed the 'Resolution Plan' whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h similar prayer to implead 'Gujarat Urja Vikas Nigam Limited' as party Respondent in the main petition and to pass appropriate order. 2. Mr. Ramji Srinivasan, learned Sr. Counsel appearing on behalf of the Applicant(s) submits that in view of subsequent development as the Applicant(s) have ceased to be subsidiaries of 'Infrastructure Leasing and Financial Services Ltd.' They will be allowed to withdraw these applications to enable the Applicant(s) to move before the appropriate Forum. Prayer is allowed. 3. IAs stand disposed of with liberty to the Appellant to move before the appropriate Forum. IA 740 of 2019 4. This application has been preferred by 'SREI Infrastructure Finance Ltd.' to permit the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs to enable the Appellant for better proposal to raise more amount than the amount which can be raised on sale/transfer. If such interim relief is sought for, the Board of Directors will consider the same in accordance with law and if it necessary to take up the matter with the Hon'ble Justice (Retd.) Mr. D.K. Jain who is supervising the matter. 8. IA No. 740/2019 stands disposed of. IA No. 3088 of 2019 9. The aforesaid 'SREI Infrastructure Finance Ltd.' has filed this application to direct the 'Infrastructure Leasing and Financial Services Ltd.' to call the Applicant to the meeting of the 'Committee of Creditors' to discuss the deliberation and resolution of 'CNTL'. However, we are not incl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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