2005 (8) TMI 748

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....Singh and Vimal Chandra, S. Dave, Advocates). For the Respondents : Mohan Parasaran, Additional Solicitor General and Ashok H. Desai, Senior Advocate (Shiraz Rustomjee, Gopala Krishnan, Abhay Kumar, Rahul, Subramonium Prasad, Paritesh Kumar and B.V Balaram Das, Advocates). ORDER IA No. 1 1. The appellant herein is a "notified person" within the meaning of Section 3(2) of the Special Co....

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.... Point, Mumbai. 2. By order dated 17-3-2004, the Special Court has allowed an application filed by the Custodian to sell the property belonging to the appellant. The principal grievance raised in the appeal is that the property should not have been directed to be sold without undertaking an investigation under Section 9-A of the Act. 3. This IA has been filed seeking stay on the proposed sal....

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....g decision of the Tribunal as there is no stay on recovery and demand is outstanding. However, Flat No. 42, Chitrakoot, Chitrakoot Coop. Housing Society, Altamount Road, Mumbai is claimed to be the residential house of the appellant applicant and his family members. As a matter of equitable relief, let the Special Court and the Custodian initially proceed with the sale of properties other than Fla....