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2021 (2) TMI 1198 - NATIONAL COMPANY LAW TRIBUNAL, GUWAHATIValidity and completeness of Information Memorandum circulated by the Respondent No. 2 - permission to petitioner to file a composite Resolution Plan - permission to Petitioner to file Resolution Plan as the first right after the outcome of the decision passed by the NCLAT - HELD THAT:- The claim has been filed by the FC for ₹ 133,54,94,330.00 against the Corporate Debtor for the loan disbursed amount of ₹ 3,07,71,127.00 by the IDBI to the Principal Borrower M/s. NBL - It is not clear how the FC has claimed 43 times of the amount of loan disbursed 21 years back when the FC is under RBI Regulations and capping of interest rate, implementation of Base Rate (2010)/MCLR is in operation for last several years in the Country especially for MSME Unit. Covid Pandemic started from 24.03.2020 and shutdown/lockdown were in full swing from 25.03.2020 with several Covid protocol guidelines issued by the Govt. of India, State Govt. District Magistrates etc. for adhering into day to day life/functioning of Industries Office - COC has approved a Resolution Plan on 10.11.2020 and the said plan is placed now before this Adjudicating Authority by the RP for consideration. Thus, the Suspended Management of the CD be given a chance to submit Resolution Plan as prayed for - application disposed off.
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