first consider the submission of the Appellant regarding
Restructuring Settlement Plan claimed to be submitted under Section 12A.
10. The Appellant submitted Restructuring/ Settlement offer ... requesting him to
place the proposal before the CoC. The Restructuring Settlement Plan of
the Appellant is claimed to be submitted under Section
that the majority of the secured creditors have already approved the restructuring settlement of their debts. Para 13 states:
13. Creditors will benefit through ... under:
The company is making continuous efforts for sanction of restructuring settlement of its all secured lenders and glad to report that many
Respondents No. 1-4 herein
to de novo consider the restructuring / settlement
proposal of the Petitioner made vide Letter dated
07.12.2022 (at ANNEXURE ... Committee of Creditors Meeting within 14
days to consider the restructuring / settlement proposal
of the Petitioner made vide Letter dated
make
substantial upfront payment and approaches the Bank for one time
settlement/restructuring the loan/rescheduling the payment
terms, the Bank shall take necessary decision ... settlement which may be arrived at between
the parties.
(iii) However, if no settlement is arrived at
between the parties regarding one time
settlement/restructuring
first consider the submission of the Appellant regarding
Restructuring Settlement Plan claimed to be submitted under Section 12A.
10. The Appellant submitted Restructuring/ Settlement offer ... requesting him to
place the proposal before the CoC. The Restructuring Settlement Plan of
the Appellant is claimed to be submitted under Section
approached the complainant Bank in
November 2002 and entered into a restructuring/settlement
agreement with the accused ... cheques would be honoured and loan would be repaid as per
the restructuring agreement between the parties and thereby
induced the Bank not to take
stressed assets and to recover amounts due, by framing
schemes of restructuring, settlement etc. with borrowers.
IDBI, through a deed of assignment, unconditionally
transferred
which culminating in execution of a tripartite settlement dated 24.07.2006 in pursuance of which settlement, the Management had disbursed wages to the workmen for January ... alia, would involve induction of fresh funds from financial/strategic investors, settlement/restructuring of liability etc. It was recognised by the parties that
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that the restructuring and settlement would be formalised shortly and
all disputes would stand amicably resolved ... subsequent settlement which allegedly novated those agreements.
49. This settlement, said to be evidenced by the email dated 30.12.2024
read with the draft restructuring agreement
Time Settlement
Proposal" and further requested to grant some installments
for the payment arrived at "One Time Settlement Proposal ... sanctioned by the Board
of Directors and terms & conditions of restructuring /
settlement were incorporated in the said communication.
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