not giving any soft loan for IIL's rehabilitation. Aaifr AIR 1998 Del 359, This Court cannot sit in judgment nor scrutinize the figures just to find holes in the inferences drawn by the bifr an aaifr under the aforesaid Act. Date of Scheme/Revised Scheme/Opportunity given to tails of the revision/Cost of the Scheme6 filed schemeThe Secured Creditors proposed to be paid 38 of principal outstanding/cost of scheme:. This Court observed as follows:. Pegasus has proposed.
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At the same time, it accepted TSL's DRS, based on a different COD even while giving it time to submit a fully tied up scheme with COD. If they are manifestly unjust or oppressive or outrageous or directed to an unauthorised end or do not tend in some degree to the accomplishment of the objects of delegation, court might well say, Parliament never intended to give authority to make such rules; they. 0.50 crores (Rupees fifty lakhs). Similarly the aaifr noted that although the figures for capital expenditure proposed were tentative as TSL had requested for a realistic appraisal of the state of machinery and plant, it had nevertheless committed a figure. 20 crores would be equity. This, broadly, being the scheme of enactment, the deep involvement of the two statutory agencies - one an expert advisory body (the OA) and the other an expert adjudicatory or quasi-judicial body (bifr) becomes immediately apparent.