2021 (9) TMI 739

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...., Member (T) For the Appellant : R. Pandey and K.M. Mahanta, Advocates For the Respondents : P. Sancheti and R.J. Das, Advocates ORDER 1. Matter is taken up through video conferencing. The Learned Counsel for the Petitioner is present. The Learned Counsels for the Respondent are also present. Heard both the sides at length. 2. In compliance with the earlier order of this Bench, the Respondent....

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.... Company has paid Rs. 94.05 lacs (approx.) (Rs. 58.87 lacs + Rs. 35.18 lacs) to the Standard Chartered Bank for the entire said shares of 30 (thirty) lacs. (b) The Learned Counsel for the Respondents has also cited certain judgments where in it is stated that no contempt, if compliance with the order will violate rules of applicable law or there is impossibility of performance etc. 3. On the ot....

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....of amount (approx.) claimed and amount (approx.) offered. However, they may once again talk to their clients in the light of the possibility of resolution of the matter. 5. Both the parties have confirmed that the Affidavits filed have been exchanged with each other. We have perused the documents, Affidavits submitted by both the sides. However, certain clarifications/papers/documents relating to....

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....of an Affidavit enclosing the documents exchanged between the ICICI Bank and the Standard Chartered Bank, Standard Chartered Bank with the Consortium Lenders and the Respondent Company relating to only these 30 (thirty) lacs shares before 23.04.2021. The Senior Officials of ICICI Bank and Standard Chartered Bank conversant with these 30 (thirty) lacs shares need to be present in next hearing alon....