2018 (5) TMI 2178

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..... er wished to examine on that date in how much time this payment can be made. The shares, which are informed is no longer the subject matter of any attachment, and are free to be sold, should be purchased by Respondent No.7 at the price of Rs.100 Crores, to be paid by Mr. Kapil Sibal s client within a period of 9 months from today. SLP disposed off.
Hon'ble Mr. Justice Rohinton Fali Nariman .....

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..... 1. By our order dated 10.05.2018, having heard the learned Senior Counsel on either side, this Court directed that a sum of Rs. 100 Crores be paid to the Respondents for the purchase of all the respondent's shares in the Company. 2. Mr. Kapil Sibal, learned Senior Counsel wished to examine on that date in how much time this payment can be made. 3. Today, we are told that Mr. P. Chidambaram's c .....

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..... hare capital of the Company shall stand reduced by virtue of our order. 7. The observations of the High Court will not bind in any other proceedings between the parties. 8. Mrs. Vibha Datta Makhija, learned Senior Counsel, who appears on behalf of the Intervener, states that large sums have been defalcated by the Natarajan Group, which belong to depositors. She may urge this grievance before the .....

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