would be transferred by respondent no.1 through a process of
corporate restructuring by way of demerger/disinvestment,although not
::: Uploaded on - 05/04/2019 ... regard to
the permission sought by respondent no.1 for corporate restructuring
::: Uploaded on - 05/04/2019 ::: Downloaded on - 06/04/2019
system dated 16.01.2014 Mark A,
copy of final report of corporate debt restructuring of M/s Lanco Infratech
Limited Mark B, photocopy of intimation from ... Counsel for the liquidator / accused company that the company went into
Corporate Restructuring Programe and the winding up proceedings is
continuing. It is submitted that
Promoter's Personal Asset towards Margin Contribution for the Corporate Debt
Restructuring and to extend to the Petitioner Sanction in terms of the Respondents ... revised request for sanction of Rs.30 crores Working Capital under Corporate Debt
Restructuring [‘CDR’], the mechanism promulgated by RBI for revival of viable
stressed
obligation under Letter of
Approval dated 28.12.2013 ("LOA"), the Corporate Debt Restructuring
Package ("CDR Package"), the Master Restructuring Agreement dated 27th ... lenders. The said
CDR package was sanctioned and approved by Corporate Debt
Restructuring Empowered Group vide letter dated 28.12.2013 and further
modified vide letter dated
plaintiff that the proposed CDR
Package has been approved in the Corporate Debt Restructuring
Executive Committee meeting dated 24th December, 2013 ( of the
CDR member ... indicate that
the defendant No.1 has sought to complete the corporate debt
restructuring by resorting to measures which run contrary to the
terms
Right of Recompense for losses incurred by the
respondent bank during corporate debt restructuring and the
amalgamation of the borrower-subsidiary company into the
Petitioner ... subsidiary
company with the petitioner company. The subsidiary entity
had undergone corporate debt restructuring in June, 2012 and
had executed a Master Debt Restructuring Agreement
would be applicable to it.
2. After certain legal proceedings and corporate restructuring, a
reorganization - accompanied by corporate re-christening occurred, of the
previous entities ... although there was an important event, in the form of corporate
restructuring, which had potential impact on the commercial decisions
sick
companies and/or are subject to any proceedings viz.
Corporate Debt Restructuring (CDR for short) winding up
etc. I respectfully say that I clarify ... that the Companies
viz. (i) which have applied for corporate debt
restructuring; (ii) facing recovery proceedings from
financial institutions; (iii) facing winding up proceedings
misconceived. She submitted that both the
guidelines have reference to the corporate debt
restructure which is not the case here. She
therefore, submitted that such ... Negotiated settlement.
9. Therefore if it is confined to corporate
restructure then it would not be applied to the case
of the petitioner
Office at
No.6, College Lane
Nungambakkam
Chennai – 600 006.
4. Corporate Debt Restructuring Cell
IDBI Tower, 19th Floor
Cuffa Parade
Mumbai ... Chairman
Corporate Debt Restructuring Core Group
IDBI Tower, 19th Floor
Cuffa Parade
Mumbai – 400 005.
6. Corporate Debt Restructuring Empowered Group
having its office
