2022 (2) TMI 1221

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(TECHNICAL) For the Appellant : Mr. Ravi Rajgopalan, Advocate For Respondents : Mr. P.H. Arvind Pandian, Senior Advocate, Mr. Satish Parasaran, Senior Advocate, Kumarpal R. Chopra, Advocate ORDER Per: R. SUCHARITHA, MEMBER (JUDICIAL) IA/691/2021. ¡s an application filed by the Applicants seeking thereof to declare the Applications filed under Section 7 and 95 of IBC, 2016 file....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... that the Respondent / Financial Creditor viz. ARSEC (India) Limited is one of the Financial Creditor of the Corporate Debtor viz. Cauvery Power Generation Chennai Private Limited and is exercising a vote share of 89% in the CoC. It was submitted that the Applicant herein along with other Personal Guarantor of the Corporate Debtor had submitted an One Time Settlement dated 04.06.202 1 to the Finan....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cision, despite a lapse of 28 days from the date of communication of the CTS offer. Hence, it was submitted that the Respondent / Financial Creditor holds malice against the Applicant and hence prayed for dísmissal of the present Application under Section 65 of IBC, 2016. 5. We have heard the submissions made by the Learned Counsel for the Applicant and Respondent. From the submissions m....