preferred thereagainst before the Appellate Authority for Industrial and
Financial Reconstruction (AAIFR).
5. The AAIFR granted stay of operation of the order of BIFR dated ... 27th
October, 2004 by an order dated 13th September, 2005. Before the AAIFR
two separate Schemes were framed, one of them related to an arrangement
passed by
the Appellate Authority for Industrial and Financial
Reconstruction, New Delhi (AAIFR) and remitted the
matter to it for passing fresh order after giving ... opportunity of hearing to all the concerned parties. The
AAIFR order (that was set aside by the High Court) had
dismissed the appeal filed
Appellate Authority for Industrial and Financial Reconstruction (for short 'AAIFR') granting permission under Section 18(1)(e) of Sick Industrial Companies (Special Provisions ... Fuji Bank Ltd alleges that the order passed by the AAIFR granting permission to the respondent-company suffers from an illegality inasmuch as SICA
Punjab National Bank And Ors. vs Aaifr And Ors. on 26 May, 2008
Equivalent citations: AIR 2008 DELHI ... 20th April, 2006passed by the Appellate Authority for Industrial & Financial Reconstruction (AAIFR), New Delhi.
3. The facts of the case briefly stated
Arrow Syntex P. Ltd. And Ors. vs Aaifr And Ors. on 11 March, 2008
Author: T.S. Thakur
Bench: T.S. Thakur , Aruna Suresh
JUDGMENT ... Board. The incidental question that falls for consideration is whether the AAIFR was justified in dismissing the appeal filed by the petitioner on the ground
passed by the Appellate Authority for Industrial and Financial
Reconstruction (AAIFR) dated 12.2.2008, Annexure P.22.
2. In the course of hearing, learned counsel ... challenged the above observations by
filing an appeal before the AAIFR, which was dismissed but in para
CWP No.7965
rejected by BIFR however, the Defendant had preferred an appeal before the AAIFR. The case was adjourned from time to time ... filed by the Defendant. The appeal before AAIFR, filed by the Defendant, was posted for hearing on 19th January, 2004 However, this Court vide order
against the order passed by the BIFR has been filed before the AAIFR and registered as Appeal No. 3 of 2005, after the present application ... filed and, thereafter, it was decided by AAIFR to quash and set aside the order passed by the BIFR and remanded the matter to BIFR
scheme, the petitioner company filed Appeal No. 144 of 1998 before the AAIFR and the AAIFR by order dated 07.12.1998 stayed the scheme sanctioned ... constituted.
9. It is stated that without informing the petitioner, the AAIFR passed an order on 20.01.1999, it being a holiday and though
before the Appellate Authority for Industrial and Financial Reconstruction (in short the AAIFR) under Section 25 of the Act have been allowed and the cases ... fresh consideration on the basis of the principle set out by the AAIFR in the impugned judgment. The petitioner bank was objector in both
