2019 (8) TMI 1744

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....Appeal (AT) No. 347 of 2018 - -<br>Corporate Laws<br>Justice S.J. Mukhopadhaya Chairperson and Justice Bansi Lal Bhat Member (Judicial) For the Appellant: Mr. Ramji Srinivasan, Sr. Advocate with Mr. Raunak Dhillon, Mr. Vikash Kumar Jha, Mr. Karan Khanna, Ms. Sylona Mohapatra and Mr. Nikhil Ramdev, Advocates For the Respondent : Mr. Gaurav Juneja, Mr. Aditya Ganju, Ms. Pritika Malhotra, Advoc....

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....at the Board of Directors may be allowed to sell or alienate the movable properties with regard to 82 Red Entities to keep them as a going concern. However, we are not expressing any opinion with regard to Red Entities which are going concern. If any movable asset is required to be sold/ transferred, it will be open to the Board of Directors for taking permission of Hon'ble Justice Shri D.K. Jain,....