Sadhana Sinha vs Pacl Ltd. on 11 July, 2022
Bench: D.Y. Chandrachud , A.S. Bopanna
ITEM NO.9 COURT NO.4 SECTION ... Civil) No.396/2022
SADHANA SINHA & ANR. Petitioner(s)
VERSUS
PACL LTD. & ORS. Respondent(s)
Date : 11-07-2022 This petition was called
PACL. NSB Infrastructure
and Projects was also related to one of the associate
companies of PACL called NSB Realtors Pvt. Ltd and had
common directors ... sold/transferred 80% stake in NSB to PACL
later on.
26. As per PACL Ltd.'s letter dated 30th September, 2016,
PACL had transferred
interim application by SEBI has inter alia sought
directions authorising PACL Ltd. to sell its immovable
properties, in terms of the list to be submitted ... directions
have been sought, including an order for a direction to PACL
Ltd. to file an affidavit setting out the road map for the
sale
Vipin Malik vs M/S. Pacl India Limited on 7 January, 2019
Bench: D.Y. Chandrachud , Hemant Gupta
ITEM NO.7 COURT NO.11 SECTION ... Delhi)
VIPIN MALIK & ANR. Petitioner(s)
VERSUS
M/S. PACL INDIA LIMITED & ORS. Respondent(s)
(WITH IA No.171780/2018-EXEMPTION FROM FILING
Asset Reconstruction
Companies (ARCs) for the sale of the properties of PACL Ltd.
On 17 January 2019, some of the members of the Committee ... disposal of the
1 the SARFAESI Act
6
assets of PACL Ltd. subject to the condition that they do not take
the assets on their
Lodha,
former Chief Justice of India, in the matter of PACL
Limited. The letter bears reference No
JRMLC/PACL/AKD/PM/5802/32695/1/2019 ... applicant in this application is
Mahadev Plantations and Parks Private Limited.
In the affidavit in rejoinder, which has been filed
on behalf of the applicant
applicant, an MOU was entered into
on 13 August 2011 between PACL India Limited, Pearls
Infrastructure Projects Limited and the applicant, under
which, in consideration ... been undertaken by the PACL
Committee specific to the attachment and sale of
properties of PACL India Limited for payment of sale
proceeds
disbursements in
respect of the realizations pertaining to the assets of PACL
Ltd.
I.A. No.117057/2017 in Civil Appeal No.13301/2015 ... applicant.
At this stage, learned counsel appearing on behalf
of the PACL Ltd states that she has a bidder who is ready and
willing
FIRs already
registered/which may be registered against PACL Ltd. and/ or its
directors throughout the country.”
2 We have heard Mr Nimish Chib, counsel
which the Directors
of M/s PGF Limited and M/s PACL Limited are alleged to
have illegally obtained a benefit
