FORESTS INDIA LTD. ..... Respondent
Through : Mr. Harpawan Kumar Arora,
Adv. for Committee-GFIL.
Mr. Neeraj Malhotra, Adv. for SEBI.
CORAM:
HON'BLE MR. JUSTICE ... brief background of the case is that the Golden Forests (India) Ltd
(GFIL) was incorporated in 1987. Between the years 1991 and 1997, its promoters
Satish
Kumar and Mrs. Suman Rani, W/o Ajay Kumar. The erstwhile GFIL,
whose assets and affairs were placed under the control of the
Committee ... resolution relied upon by the vendees was of 11.03.2000 (of the
GFIL) and the sale deed executed was dated 03.04.2000. Apparently,
the property was subsequently
Satish
Kumar and Mrs. Suman Rani, W/o Ajay Kumar. The erstwhile GFIL,
whose assets and affairs were placed under the control of the
Committee ... resolution relied upon by the vendees was of 11.03.2000 (of the
GFIL) and the sale deed executed was dated 03.04.2000. Apparently,
the property was subsequently
GOLDEN FORESTS INDIA LIMITED ..... Respondent
Through: Ms. Suruchi Aggarwal, Advocate for
Committee-GFIL.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT ... title of the property was clear. In the meanwhile, the Committee for GFIL
had on 5.2.2010 written to the HUDA authorities stating that the real
with Mr. Rupal
Luthra, Advocates for SEBI.
Ms. Suruchi Aggarwal, Advocate for GFIL.
Mr. Keshav Mohan and Mr. Deepak Pathak,
Advocates for EPFO.
CORAM ... WAZIRI
MR. JUSTICE S. RAVINDRA BHAT
%
1. The Golden Forests (India) Ltd (GFIL) was incorporated in 1987.
Between the years 1991 and 1997, its promoters
FORESTS INDIA LTD. .................Respondent
Through: Sh. Harpawan Kumar Arora, Advocate, for
Committee - GFIL.
None for the respondents.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA ... this land, illegally sold to Respondent No.1
by the Company - GFIL and subsequently sold by him to Respondent No.2,
be not recovered from
JUDGMENT
RAJIV SAHAI ENDLAW, J.
1. The company Golden Forests (India) Ltd. (GFIL) was incorporated
in the year 1987 and its subsidiary companies Golden Tourist ... Golden Projects Ltd. were incorporated in the year
1991 and 1996 respectively. GFIL and its subsidiary and associate
companies floated a number of schemes
Harpavan Kumar Arora and Sh.
Saurabh. S. Sinha, Advocates, for the Committee
GFIL.
Sh. Satish Kumar and Sh. Ashok Arien,
Advocates, for DC, SSP (Indore ... affairs of the Golden Forests (India)
Limited (hereafter referred to as "GFIL") by the Supreme Court. The
order in question was made
2012 and 477-478/2013.
Mr. Harpawan Kumar Arora, Advocate for
Committee-GFIL.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT ... provisional
Liquidator that some State Governments have declared the
lands of GFIL and its associated companies as surplus
Holding. The collector Agrarian, Dera Bassi, District
deal with the assets and claims in respect of
the erstwhile GFIL (GFIL) and its group companies.
2. The petitioners argued in essence that ... 1400/2010 Page 2
properties that did not belong to the GFIL or its group companies which were
expressly mentioned. Learned counsel relied upon
