other hand, the Appellant which has 6.71% of the admitted
of FCs is being paid only 3.92% of the total resolution amounts. Canara Bank ... charge. However, the plan while distributing the
amounts inter-se category A FCs is entirely silent on the purported
justification offered by Canara Bank. Therefore
Respondent/FC No. 1. Alleging to be Financial
Creditors (FCs), they have claimed that a principal ... project. The said agreement had two obligations which
required the FC/FCs to have fulfilled which are as follows:
(i) They were required to make
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
herein, the breakup of which is
given below: -
i) Payment of secured FCs - upfront: Rs 54.32 Crores (Effective Date
+30 days)
ii) Payment of Secured ... FCs from the internal cash balance of the
Corporate Debtor: Rs. 40.63 Crores (Effective Date +30 days)
iii) Payment of Secured FCs - deferred
Dues with Stakeholders till 29.11.2018
Sr. Descriptio Claim Liquidati Settlement offered to FCs in CoC % Remarks
No n of filed by on Value offere
. Secured ... FCs d in
final
approv
ed
plan
Dated Dated Dated
13.10.2017 12.01.2018 13.03.201
& 8
16.02.2018
Status of Disapproved Disapproved Approved
Resolution more than
Plan
