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TMI Blog2017 (8) TMI 1673X X X X Extracts X X X X X X X X Extracts X X X X ..... ven. In such a case, it is opined that the NCLAT should not have cryptically set aside the order and remanded the matter with a direction that the main petition shall be decided along with the prayer for interim relief. Whether circumstances exist to arrive at a reasonable conclusion for regulating the conduct of the company affairs to pass an interim order on such terms and conditions as appeared ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JUSTICE AMITAVA ROY AND HON'BLE MR. JUSTICE A.M. KHANWILKAR For Appellant: Dr. A.M. Singhvi, Sr. Adv., Mr. Mukul Rohatgi, Sr. Adv., Ms. Shalini Kaul, AOR, Mr. Sanjay Kumar, Adv., Mr. Soham Kumar, Adv., Ms. Ginni Sehgal, Adv., Mr. Kushank Sindhu, Adv. And Mr. Bharat Chugh, Adv. For Respondent: Mr. Divyesh Pratap Singh, AOR And Mr. Abhimanue Shrestha, AOR ORDER Admit. Hear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an interim order for conduct of company affairs. On a perusal of the order passed by the NCLT, we find certain reasons have been given. In such a case, we are of the considered opinion that the NCLAT should not have cryptically set aside the order and remanded the matter with a direction that the main petition shall be decided along with the prayer for interim relief. Whether circumstances exist t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appeal and set aside the order passed by the NCLAT and direct the NCLAT to decide the appeal within four weeks from today. The parties are at liberty to raise their respective contentions on the basis of the materials produced before the NCLT. When we are remanding the matter to the NCLAT, the main proceeding before the NCLT shall remain stayed till the NCLAT decides with regard to the justifia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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