2019 (2) TMI 1692

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....sed today in OMPs 665/2013 and 972/2013, the award dated 1st March, 2013, as corrected on 29th April, 2013, has been upheld. As per the said award, Morgan Securities' claims were allowed in the following manner:- "92. In view of the findings of the Tribunal above. Respondent No. 2 is liable to pay a sum of Rs. 5,00,32,656/- (Rupees five crores thirty two thousand six hundred and fifty six only)....

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..... It is submitted by Ld. counsel for the parties that the bank guarantee has been encashed and the amount has been credited in the account of the Registrar General of this Court. 4. Considering the fact that insolvency proceedings are pending before the NCLT Mumbai, the amount is directed to be retained in the account of the Registrar General. The same would be subject to further orders that may....