2017 (7) TMI 180

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....And W.P. (CRL.) NO. 57/2014 - -<br>Corporate Laws<br>MR. DIPAK MISRA, AND MR. RANJAN GOGOI, JJ. ORDER I.A. No.47681 of 2017 1. This is an application seeking certain directions. The directions that have been sought by the contemnor in this interlocutory application read as follows:- "(i) grant an extension of 10 working days for complying with the undertaking dated 27.04.2017; ....

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....ir play." 2. Be it noted, on the previous occasion, i.e. 27th April, 2017, the contemnor had furnished two post-dated cheques, one dated 15th June, 2017, for Rs. 1500,00,00,000/- (Rupees fifteen hundred crores only) and the second one dated 15th July, 2017, for a sum of Rs. 552,21,00,000/- (Rupees five hundred fifty-two crores and twenty-one lakhs only). An assurance was given by Mr. Kapil Siba....

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.... senior counsel that there is a property situate in villages Bahadrabad and Ranipur, Haridwar in the State of Uttarakhand, admeasuring 87.03 acres and he has arranged a buyer, who is prepared to purchase the said property for Rs. 109.75 crores. The said amount is 62% of the circle rate and, thereby, less than 38% of the circle rate. Permission is sought to sell the property at that rate. As advise....

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.... application relates to grant of permission for sale of Grosvenor House Hotel, i.e. by transfer of shares of the company to the buyer i.e. GH Equity U.K. Limited. Mr. Arvind P. Datar, learned senior counsel appearing for the S.E.B.I. has no objection if such permission is granted. The permission is, accordingly, granted. 6. As far as prayer No.(iii) is concerned, we have already directed for au....