NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Hon'ble Justice Rakesh Kumar Jain (Member(Judicial)) , Hon'ble Dr. Alok Srivastava (Member (Technical)) ,
Bank of Baroda – Appellant
Versus
IDBI Trusteeship Services Limited – Respondent
JUDGEMENT
(Dated: 26.4.2023) [Per. Dr. Alok Srivastava, Member (Technical)]
1. Four appeals being disposed of in this common judgment, namely, CA(AT) No. 69/2021 (in short “Appeal-I”), CA(AT) No. 70/2021 (in short “Appeal-II”), CA(AT) No. 71/2021 (in short “Appeal-III”) and CA(AT) No. 73/2021 (in short “Appeal-IV”), which are tagged together, which have been filed by respective Appellants under section 421 of the Companies Act, 2013 assailing the order dated 21.6.2021 (hereinafter called “Impugned Order-I”) read with the order dated 27.5.2021 (hereinafter called “Impugned Order-II”) passed by National Company Law Tribunal, Mumbai Bench in C.P. For Appellant: No. 138/MB/2020, which was filed under section 71 of the Companies Act, 2013.
2. Appeal-I is filed by Bank of Baroda (Appellant-1) the lead lender, on behalf of the ICA Lenders of Reliance Housing Finance Limited for setting aside the two Impugned Orders.
3. Appeal-II is filed by Reliance Home Finance Limited (in short ‘RHFL’), who is Appellant-II, aggrieved by Impugned Order-I and praying for setting it aside.
4. Appeal-III is filed by RHFL (Appellant-II) aggrieved by Impugned Order-I and praying for setting
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