2020 (11) TMI 288

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....cy<br>V. Nallasenapathy, Member (T) and Janab Mohammed Ajmal, Member (J) ORDER The work of the Tribunal has been closed due to Covid-19 pandemic as per letter dated 22.03.2020 and subsequent follow up orders of the Principal Bench, National Company Law Tribunal. The Principal Bench vide Order dated 31.07.2020, constituted this Bench for hearing of the urgent matters through Video Conference ....

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....esolution of the Corporate Debtor for a total outlay of Rs. 23 Crores. The only problem which the Applicant facing is a performance guarantee fixed by the CoC in the offer documents that Resolution Applicant is required to provide the performance guarantee of Rs. 25 Crores at the time of submission of the Resolution Plan. The Applicant submits that the performance guarantee is on the higher sid....