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TMI Blog2021 (4) TMI 1369X X X X Extracts X X X X X X X X Extracts X X X X ..... ome reason as to why the invocation of the pledge deserved to be interdicted by way of an interim measure. Unfortunately, there are no reasons forthcoming in the impugned order dated 26.03.2021 which, therefore, continues to operate as on date. The operation of the orders dated 26.03.2021 and 08.04.2021 passed in the aforesaid OMPs, suspended till further orders - List on 27.05.2021. - HON'BLE MR. JUSTICE VIPIN SANGHI AND HON'BLE MS. JUSTICE REKHA PALLI For the Appellant : Mr. Rajiv Nayar, Sr. Advocate, Mr. Sandeep Sethi, Sr. Advocate, Mr. Manish Jha, Advocate, Ms. Vishrutyi Sahni, Advocate, Mr. Saurabh Seth, Advocate For the Respondent : Mr. Gopal Jain, Sr. Adv. with Ms. Gauri Rishi, Ms. Srishti Juneja and Ms. Nikh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ese four appeals are directed against similar orders passed by the learned Single Judge in the four petitions preferred by the respondents under Section 9 of the Arbitration and Conciliation Act, 1996. In all these appeals, there are two impugned orders which are dated 26.03.2021 and 08.04.2021. We are informed that although on 08.04.2021, the matter was adjourned to 12.04.2021, it was not taken up on that date and was instead adjourned to 20.04.2021. A grievance is made in that regard as well by Mr. Rajiv Nayar, learned senior counsel for the appellant in FAO(OS) (COMM) 59/2021. 7. We find that the order dated 26.03.2021, which restrains the appellant from invoking the shares pledged in its favour by the respondents/borrowers and by whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n date. 9. Though our attention has been drawn to several documents and pleadings, particularly by the learned senior counsel for the appellant, we refrain from referring to them lest it prejudice the interests of any of the parties before the learned Single Judge. After all, the Section 9 petitions are still pending consideration and, we are informed that they are now coming up before the learned Single Judge on 20.04.2021. We are, therefore, inclined to suspend the operation of the order dated 26.03.2021 passed by the learned Single Judge in the four OMPs in question. 10. Mr. Gopal Jain, learned senior counsel for the respondent in FAO(OS) (COMM) 59/2021 then expresses an apprehension that the suspension of the said impugned order w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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