https://www.taxtmi.com/caselaws?id=389030 The writ petition challenged an order by respondent no.1/IRBI, specifically restrictions on Mr. Mahender Kumar Khandelwal until depositing a monetary penalty. The petitioner agreed to deposit the penalty with the Court. Respondent no.2/COC planned to challenge the circular underlying the order. A resolution was passed by respondent no.2/COC regarding pending bills of Cyril Amarchand Mangaldas, with modifications suggested by banks. Respondent no.2/COC was directed to deposit a specific amount, and the operation of the order restricting the petitioner was stayed. Counter-affidavit(s) were to be filed before the next hearing. en-us Mon, 25 Nov 2019 00:00:00 +0530 Thu, 28 Nov 2019 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389030 The writ petition challenged an order by respondent no.1/IRBI, specifically restrictions on Mr. Mahender Kumar Khandelwal until depositing a monetary penalty. The petitioner agreed to deposit the penalty with the Court. Respondent no.2/COC planned to challenge the circular underlying the order. A resolution was passed by respondent no.2/COC regarding pending bills of Cyril Amarchand Mangaldas, with modifications suggested by banks. Respondent no.2/COC was directed to deposit a specific amount, and the operation of the order restricting the petitioner was stayed. Counter-affidavit(s) were to be filed before the next hearing. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389030