CIRP
Regulations.
• The first Respondent has 4.43% of the Voting Shares in the CoC and
not being represented by (AR) cannot challenge the 'Claims ... disbursed the amount of
Rs.90Crores/- in terms of the Facility Agreement which is clearly
shown in the Balance Sheet of the Borrowers/Saha Infratech
voting rights in the than 20% of capital of the CD
corporate debtor on voting right in
account of ownership CD?
or a voting agreement ... twenty per cent of voting right in
voting rights on Respondent
account of ownership No.3?
or a voting agreement
12 any person
CIRP
Regulations.
• The first Respondent has 4.43% of the Voting Shares in the CoC and
not being represented by (AR) cannot challenge the 'Claims ... disbursed the amount of
Rs.90Crores/- in terms of the Facility Agreement which is clearly
shown in the Balance Sheet of the Borrowers/Saha Infratech
controls more than 21% of voting rights in the Corporate Debtor on
account of ownership or a voting agreement and who can control the composition ... controls more than 20% of voting rights in the Corporate
Debtor on account of ownership or a voting agreement
(l) any person who can control
controls more than 21% of voting rights in the Corporate Debtor on
account of ownership or a voting agreement and who can control the composition ... controls more than 20% of voting rights in the Corporate
Debtor on account of ownership or a voting agreement
(l) any person who can control
require the
affirmative vote of the NEC nominee directors in
the board meeting(s) of ADPL and shall require the
affirmative vote ... reflect the provisions of the Definitive
Agreements. Till the financial closure of the Project
is achieved or Definitive Agreements executed, the
internal management
than twenty per
cent. of voting rights in the corporate debtor on
account of ownership or a voting agreement;
(k) any person in whom ... controls
more than twenty per cent. of voting rights on account
of ownership or a voting agreement;
(l) any person who can control the composition
Preference Shares' (with no voting right(s) and
there is no voting agreement) in the First Respondent/ Company. In fact, the
Appellant holds ... their shareholding or management
right or shareholder's agreements or voting agreements or in any other
manner.
28.. The primordial legal plea projected
than twenty per cent. of
voting rights in the corporate debtor on account of
ownership or a voting agreement;
(k) any person in whom ... controls
more than twenty per cent. of voting rights on account of
ownership or a voting agreement;
(l) any person who can control the composition
decisions
taken in the CoC meetings, wherein the related parties deliberated
and voted on various resolutions, were null and void in the eyes ... High Court of Odisha, a direction
was given that a tripartite agreement should be entered into
Company Appeal (AT) (Insolvency
