2024 (3) TMI 864

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....2024 Company Appeal (AT) (Insolvency) No. 559 of 2024 - -<br>Insolvency & Bankruptcy<br>[ Justice Ashok Bhushan ] Chairperson , [ Barun Mitra ]&nbsp; Member ( Technical ) And [ Arun Baroka ] Member ( Technical ) For the Appellant : Mr. Navin Pahwa and Mr. Abhijeet Sinha, Sr. Advocates with Mr. Mahesh Agarwal, Mr. Rohan Talwar, Advocates For the Respondent : Mr. Mustafa Kachwala, Mr. Shantam ....

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....s hearing Section 7 application filed by Axis Bank Limited has directed that the matter to be listed on 19.03.2024 and parties are directed to file short synopsis not more than 2 to 3 pages before 19.03.2024. 4. Appellant has come up in these Appeals submitting that an Affidavit was filed before the Adjudicating Authority that Appellant has now as investor who is ready to pay the entire amount ....

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....pplication after 10th March, 2024. With the above observations both the appeals are disposed off. We make it clear that we have not expressed any opinion on the merits of the case." 5. Learned Counsel for the Appellant submitted that after the aforesaid order, on 29.02.2024 e-mail was sent to both the Banks- ICICI Bank and Axis Bank requesting them to accept the OTS amount alo....

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.... 7 application is much more than the OTS amount and banks have expressed that the offer made by the Appellant is not acceptable to the Banks. 7. Shri Krishnendu Datta, Learned Senior Counsel appearing for the investors submits that the investor is ready to deposit the amount of Rs.167 Crores and Rs.86 Crores within a week. 8. Shri Navin Pahwa, Learned Senior Counsel submits that the Appellan....