2025 (4) TMI 1851

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...., adv. Mr. Satadeep Bhattacharya, adv. For Reserve Bank : Ms. Suchismita Ghosh, adv. For Axis Bank : Mr. Debtanay Banerjee, adv. Ms. Sayani Roy Chowdhury, adv. Mr. Vishal Singh, adv. For NSDL : Mr. Syamantak Banerjee, adv. Mr. P.K. Dutt, adv. Mr. S.K. Dutt, adv. For proforma respondt : Mr. Ranjan Bachawat, sr. adv. Mr. Sayan Roy Chowdhury, adv. Mr. Satyaki Mukherjee, adv. Ms. Bhavesh G....

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....ing CP No. 112/KB/2021 which stood finally disposed of vide judgment passed by the referral Bench of the National Law Company Tribunal at Ahmedabad by dismissing the company petitions. The intervening application filed by Axis Bank in the said company petition also stood dismissed. 4. It has been brought to the notice of the court that an appeal has been preferred before the appellate tribunal,....

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....s that admittedly, as on date, there is no order passed by any judicial forum directing or permitting the bank to freeze the bank account and the demat account of the petitioners. On the contrary, the remark by the Registrar of Companies recording management dispute relying on which Axis Bank froze the accounts of the petitioners, has been removed. 9. The intervening application filed by the ba....

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....s directed to defreeze the bank account and the demat account of the petitioners subject to depositing an indemnity bond as per the norms of the bank either by the petitioners or by the proforma respondent. 12. The formalities for submitting the indemnity bond shall be made known to the petitioner within a week from the date of communication of this order. Steps thereafter shall be taken in the....