https://www.taxtmi.com/caselaws?id=111244 The Court rejected Jet Airways' offer of Rs. 206 crores for the suit property. Kotak Mahendra was granted 8 weeks to settle all debenture holders and creditors as per the Bank of Baroda arrangement. The Court Receiver was directed to halt actions for 8 weeks. If claims remained unsettled after this period, beneficiary banks would become party defendants, and a new valuation and reserve price would be set. Interested parties could bid post-reserve price fixation. All applications and the Court Receiver's report were resolved, with a two-week stay on the order. en-us Wed, 21 Mar 2007 00:00:00 +0530 Sat, 21 Apr 2012 12:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111244 The Court rejected Jet Airways' offer of Rs. 206 crores for the suit property. Kotak Mahendra was granted 8 weeks to settle all debenture holders and creditors as per the Bank of Baroda arrangement. The Court Receiver was directed to halt actions for 8 weeks. If claims remained unsettled after this period, beneficiary banks would become party defendants, and a new valuation and reserve price would be set. Interested parties could bid post-reserve price fixation. All applications and the Court Receiver's report were resolved, with a two-week stay on the order. Case-Laws Companies Law Wed, 21 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111244