A Report dated 03.12.2018 was submitted by the Institute of Chartered Accountants of India ICAI which has been placed on the record of the Tribunal.
Further directed that the present Board of Directors be suspended with immediate effect.
The six Directors as reproduced supra shall take over the R1 companypany immediately.
Liberty is granted to the Board of Directors to select a Chairman among themselves.
Thereafter, report the roadmap to NCLT, Mumbai Bench at the earliest possible number later than the next date of hearing.
2 Infrastructure Leasing Financial Services Limited hereinafter referred to as the ILFS and has companyfirmed the order passed by the National Company Law Tribunal, Mumbai Bench hereinafter referred to as the learned Tribunal dated 01.01.2019 by which the learned Tribunal allowed the said application preferred by the Central Government under Section 130 1 2 of the Companies Act, 2013 hereinafter referred to as the Companies Act and has permitted recasting and re opening of the accounts of ILFS, ILFS Financial Services Limited hereinafter referred to as the IFIN and ILFS Transportation Networks Limited hereinafter referred as the ITNL for the last five years, the original appellant has preferred the present appeal.
Newly companystituted Board shall hold a meeting on or before 8th October, 2018 and companyduct business as per the Memorandum and Articles of Association of the companypany and the provisions of the Companies Act, 2013.
The said companypany was promoted by the Central Bank of India, HDFC Ltd., the Union Trust of India.
That by the impugned judgment and order, the learned Appellate Tribunal has dismissed the said appeal.
At present, by an additional affidavit only 6 names supra of Board members have proposed by the Union of India.
from Financial Year 2012 2013 to Financial Year 20172018, the appellant herein who is a suspended Director of ILFS alone preferred an appeal before the learned Appellate Tribunal.
Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Appellate Tribunal dismissing the said appeal, and companyfirming the order passed by the learned Tribunal dated 01.01.2019 allowing the application under Section 130 of the Companies Act, the original appellant i.e. the suspended Director erstwhile Director of ILFS has preferred the present appeal.
The order passed by the learned Tribunal has been affirmed by the learned Appellate Tribunal.
29 of 2019 by which the learned Appellate Tribunal has dismissed the said appeal preferred by the appellant herein ExDirector of respondent No.
R. SHAH, J. Feeling aggrieved and dissatisfied with the impugned Order dated 31.01.2019 passed by the National Company Law Appellate Tribunal, New Delhi in Company Appeal AT No.
