Stay Granted: Temporary Suspension of Lenders Meeting Order and Hearing Directive Pending Further Legal Proceedings.

The SC granted procedural leniency by exempting the filing of a certified copy of the impugned order. Notices were issued, and Dasti service was permitted. Timelines were set for filing affidavits, with the case scheduled for hearing on 13th July 2021. A stay was ordered on the 15.02.2019 Joint Lenders Meeting Order and the HC's directive for a personal hearing, indicating a temporary suspension of these actions pending further legal proceedings.

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Issues Involved:
1. Exemption from filing certified copy of the impugned order
2. Notice issuance
3. Dasti service permission
4. Timelines for filing counter affidavit and rejoinder affidavit
5. Hearing date scheduling
6. Stay on the Minutes/Order dated 15.02.2019 passed by the Joint Lenders Meeting and the High Court's observation regarding a personal hearing

Exemption from Filing Certified Copy:
The Supreme Court allowed applications seeking exemption from filing a certified copy of the impugned order. This decision signifies a procedural leniency granted by the Court in this matter.

Notice Issuance:
The Court issued notice regarding the case, indicating that all relevant parties should be informed and involved in the legal proceedings.

Dasti Service Permission:
In addition to issuing notice, the Court permitted Dasti service, which implies that the service of legal documents can be done directly by hand delivery.

Timelines for Affidavit Filing:
The learned counsel was granted permission to file a counter affidavit within four weeks from the current date, with a provision for a rejoinder affidavit to be filed within two weeks thereafter. These timelines are crucial for maintaining the efficiency of the legal process.

Hearing Date Scheduling:
The case was set down for hearing on a specific date, namely Tuesday, the 13th of July, 2021. This scheduling ensures that the legal proceedings progress in an organized and timely manner.

Stay on Joint Lenders Meeting Order:
The Court ordered a stay on the Minutes/Order dated 15.02.2019 passed by the Joint Lenders Meeting. Additionally, the High Court's directive for a personal hearing was stayed. These stays indicate a temporary halt on the implementation of these decisions until further legal deliberations are conducted.

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