The case involves a Petition for Special Leave to Appeal (Crl.) No.175/2021 filed by Vinay Jain against the State of U.P. & ANR. The petitioner is seeking relief from an impugned order of the High Court of Judicature at Allahabad, which refused to grant bail to the petitioner. A Division Bench of the Supreme Court had previously granted interim bail to the petitioner on 2021-02-26. The Resolution Professional, Anil Tayal, seeks to be impleaded or intervene in the petition. IIFL Finance Limited, through its counsel Mr. Gaurav Agrawal, has also filed an application seeking impleadment, asserting that the properties of the company are mortgaged with his client.
Vinay Jain filed a Petition for Special Leave to Appeal against the State of U.P. & ANR. The High Court of Judicature at Allahabad refused to grant bail to Vinay Jain. Previously, a Division Bench of the Supreme Court granted interim bail to Vinay Jain on 2021-02-26. Anil Tayal, the Resolution Professional, seeks to intervene in the petition, expressing concern that compliance with the interim bail conditions might involve assets of A.V.J. Developers (India) Pvt. Limited, which are under his control due to proceedings before the NCLT under Section 18 of the Insolvency and Bankruptcy Code, 2016. IIFL Finance Limited also seeks impleadment, claiming a mortgage on the company's properties. The Resolution Professional's apprehension is that the assets of A.V.J.
…Sign in to view the parties.
A Division Bench of the…
Office Report indicates…
Sign in to view related legal provisions.
The case involves a Petition for Special Leave to Appeal (Crl.) No.175/2021 filed by Vinay Jain against the State of U.P. & ANR. The petitioner is seeking relief from an impugned order of the High Court of Judicature at Allahabad, which refused to grant bail to the petitioner. A Division Bench of the Supreme Court had previously granted interim bail to the petitioner on 2021-02-26. The Resolution Professional, Anil Tayal, seeks to be impleaded or intervene in the petition. IIFL Finance Limited, through its counsel Mr. Gaurav Agrawal, has also filed an application seeking impleadment, asserting that the properties of the company are mortgaged with his client.
Vinay Jain filed a Petition for Special Leave to Appeal against the State of U.P. & ANR. The High Court of Judicature at Allahabad refused to grant bail to Vinay Jain. Previously, a Division Bench of the Supreme Court granted interim bail to Vinay Jain on 2021-02-26. Anil Tayal, the Resolution Professional, seeks to intervene in the petition, expressing concern that compliance with the interim bail conditions might involve assets of A.V.J. Developers (India) Pvt. Limited, which are under his control due to proceedings before the NCLT under Section 18 of the Insolvency and Bankruptcy Code, 2016. IIFL Finance Limited also seeks impleadment, claiming a mortgage on the company's properties. The Resolution Professional's apprehension is that the assets of A.V.J.
…A Division Bench of the…
Office Report indicates…
Sign in to view related legal provisions.