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2005 Supreme(Guj) 301

K.A.PUJ
NARMADA ALUMINIUM INDUSTRIES LTD – Appellant
Versus
APPELLATE AUTHORITY FOR INDUSTRIAL AND FINANCIAL RECO. – Respondent


Advocates Appeared: ASHOK L.SHAH, Bharat Jani, PAVAN S.GODIAWALA, SONIA HURA

K. A. PUJ, J.

( 1 ) SPECIAL Civil Application No. 1527 of 2001 is filed by the Company, namely, Narmada Aluminium Industries Limited challenging the order passed by the Board for Industrial and Financial Reconstruction (for short bifr) on 01. 09. 2000 in Reference Case No. 15 of 1991 and the order passed by the Appellate Authority for Industrial and Financial Reconstruction (for short aaifr) on 02. 01. 2001 in Appeal No. 327 of 2000.

( 2 ) ). THIS Court has passed an order on 02. 11. 2001 admitting the said petition and interim relief in terms of para 21 (c) was granted till the final disposal of the petition. By virtue of the said interim relief, the operation and implementation of the order passed by BIFR dated 01. 09. 2000 was stayed.

( 3 ) CIVIL Application No. 5466 of 2004 is filed by the applicant, namely, Industrial Development Bank of India, the original respondent No. 4 in S. C. A. No. 1527 of 2001 for vacating the interim relief granted by this Court by an order dated 02. 11. 2001 in S. C. A. No. 1527 of 2001.

( 4 ) THIS Court has passed an order on 30. 07. 2004 and observed that it is better to hear S. C. A. No. 1527 of 2001 itself instead of proceeding further with the C
































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