Corporate Debt
Restructuring (CDR) package of the subsidiary company was
approved in March 2012 by the CDR Empowered Group
(Annexure G).
10.3. Incidentally, the respondent ... served as the
Monitoring Institution for the CDR process, and its Executive
Director headed the CDR Empowered Group as its Chairman
during the exit
receipt of a letter of the CDR Cell communicating the decision of the CDR Empowered Group and shall contain the grounds on which the decision ... date of receipt of the letter of CDR Cell communicating the decision of the CDR Empowered Group.
7.2. It is not disputed before
receipt of a letter of the CDR Cell communicating the decision of the CDR Empowered Group and shall contain the grounds on which the decision ... date of receipt of the letter of CDR Cell communicating the decision of the CDR Empowered Group.
7.2. It is not disputed before
Debt Restructuring Package
(CDR) to its lenders. The same was approved by the lenders including the
applicant on 29.06.2011 and CDR documents were executed ... CDR Cell with the present scheme
of arrangement with Asmitha for approval. Pursuant to the said proposal,
various meetings of CDR Empowered Group (CDREG) were
Respondent-Company discontinued its production activity
in the nylon plant. The CDR Empowered Group approved the package for
restructuring of debts on 21st January ... acres of land stated to be approved by the CDR
Empowered Group (EG) and the secured creditors may form part of
the DRS. The details
restructuring the debts of the target company under the CDR Mechanism. CDR Empowered Group after discussing the restructuring proposal approved the same at its meeting ... order to make the CDR package effective and in accordance with the stipulations provided by CDR Empowered Group, promoters are required to bring
CDR") in
accordance with the CDR Master Circular ("CDR Master Circular")
issued by the RBI. To ascertain the sustainability of CDR ... past
track record etc. and its justification for restructuring.
12. The CDR-Empowered Group ("CDR-EG"), on 24.2.2012,
decided to admit the proposal
CDR") in
accordance with the CDR Master Circular ("CDR Master Circular")
issued by the RBI. To ascertain the sustainability of CDR ... past
track record etc. and its justification for restructuring.
12. The CDR-Empowered Group ("CDR-EG"), on 24.2.2012,
decided to admit the proposal
order to reduce the interest burden, the petitioner approached the CDR Empowered Group set up under the Corporate Debt Restructuring (CDR) Scheme with a proposal ... approval the CDR Scheme became effective from 1-4-2002, thereafter the petitioner Company approached the CDR Empowered Group set up under the CDR Scheme
part of
the package of relief and concessions granted by CDR empowered group of
6 I.T.A. No. 925/Del/2011
the Corporate Debt ... part of
the package of relief and concessions granted by the CDR empowered group
of the corporate debt restructuring cell (CDR) of the banks
