IFCI LIMITED Vs. S. SURENDRA AND OTHERS

JUDGEMENT

(1.) CM APPL. 2430/2015 [by petitioner] CM APPL. 12825/2015 [by respondents] Keeping in view the averments in the applications, delay in filing the rejoinder by the petitioner and additional affidavit by the respondents is condoned and same are taken on record.

(2.) On 24th Jan., 2013, the contemnors had agreed to repay Rs. 100 crores to petitioner-IFCI in following manner:-

(3.) Upon the respondents herein undertaking to pay the aforesaid instalments, the interim injunction order dated 23rd Nov., 2012 passed in OMP 1087/2012 was varied to the following extent:-