fund based and non-fund based
exposure with the lenders.
4 Restructuring is an act in which a lender, for economic or legal reasons relating ... given in the Appendix to Annex-I), grants concessions to the borrower. Restructuring would
normally involve modification of terms of the advances / securities, which
respect of the other land, namely,
11000 sq. meters of land. The purpose of this lease was to use the plot for
setting ... this date. Entire FSI of this plot of land has, however, been used by
defendant no.1 for carrying out additional construction on the existing
under financial
distress. In the circumstances, it decided to restructure its
debts under the Corporate Debt Restructuring (CDR)
mechanism. The majority ... Brookfield), for
assignment of the intellectual property owned by
LLHPL used in, held for use in or related to the
11
hospitality, hotels and resorts
transfer, lease or use of intangible property, including
the transfer of ownership or the provision of use of rights regarding land
use, copyrights, patents, trademarks ... property used in the definition of international transaction and to clarify
that the 'international transaction' shall include a transaction of business
restructuring
conditions and
stressed liquidity position approached the lending banks for Corporate
Debt Restructuring to re-phase the debts of the Company. However the
Banks were ... favor of restructuring proposal given by the Company
and debt restructuring could not be given effect to. During this period,
the business of the Company
till AY 2006=07, investment in shares was
under Financial Restructuring Plan approved by Government of Gujarat, i.e. investments were for
commercial expediency, investments ... capital assets for generation, transmission of electricity etc. Under the Financial Restructuring
Plan, such loans were assigned to the appellant company against which shares
without 2nd respondent's consent, share capital of
the company was restructured among shareholders of the
company and A.1 in-collusion with ... petitioner/A.2 restructured
the share capital and thereby, A.1 misappropriated the funds is
incorrect for non-verification of the company records and audit
international transaction" shall include--
(a) the purchase, sale, transfer, lease or use of tangible property
including building, transportation vehicle, machinery, equipment,
tools, plant, furniture ... transfer, lease or use of intangible property,
including the transfer of ownership or the provision of use of rights
regarding land use, copyrights, patents, trademarks
years or more.
The Committee deliberated that the amounts so
raised are used as a means of financing the real
estate project, and are thus ... specified goods. It is
true that some time financial transactions seemingly
restructured as sale and repurchase. Any
repurchase and reverse repo transaction are
sometimes used
Committee Of Creditors Of Essar Steel ... vs Satish Kumar Gupta on 15 November, 2019
Equivalent
