mumbai the delhi high court on thursday set aside an appellate authoritys order passed on december 16 that restrained indiabulls real estate from creating any thirdparty rights on 8acre plot of bharat mill at worli in the cityon wednesday indiabulls had filed a petition against the appellate authority for industrial and financial reconstruction aaifr order that had asked the parties including national textiles corporation which eauctioned the property to maintain a statusquothe delhi high court also directed that the final hearing of the appeal filed by lodha be conducted by the appellate authority and all issues raised by the parties be considered fully at the said hearingafter hearing the petition at length for over an hour the honourable high court provided lodha two options either agree to set aside the aaifrs december 16 order or the court will set it aside with reasons said mukul rohatgi indiabulls counselindiabulls further argued that the lodhas had already withdrawn from the tendering process by seeking the refund of their earnest money deposit in september 2010 and hence they had no locus before the appellate authority for industrial and financial reconstructionindiabulls made certain insinuations against the members of the aaifr who were not a party before the delhi high court and hence could not express their views in the interest of justice and to ensure that that the orders in the matter are not allowed to be tarnished in the guise of such insinuations both parties lodha and indiabulls consented to the interim order dated 16th december 2010 passed by the aaifr being set aside and the entire matter being heard finally by the aaifr lodha developers said in a statement