2022 (7) TMI 1359

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.... mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} [Justice Ashok Bhushan] Chairperson, [Justice M. Satyanarayana Murthy] Member (Judicial) and [Barun Mitra] Member (Technical) For the Appellant: Mr. Kamal Satija, Advocate For the Respondent : Mr. Abhishek Anand, Mr. Prateek Kushwaha, Advocates ORDER Heard ....

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....ttee of Creditors deliberated upon the distribution of Resolution Plan amount in Agenda Item No. 21.04. On the request of the members of the Committee of Creditors. Respondent No.1 shared the consolidated sheet of distribution chart (Annexure A-8), wherein the Resolution Professional, made the calculations as per four different scenarios which are mentioned below:- 1) Plan amount as per claims accepted by RP; 2) Plan amount as per security interest by assuming WCTL and FITL as part of Term Loan; 3) Plan amount if CDR package was assumed to have not been implemented; and 4) Plan amount if CDR package was assumed to have been implemented." 4. The objection was raised by the Appellant Bank and it wanted that distribution should be done as....