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2022 (2) TMI 1221 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAIMaintainability of application - seeking to declare the Applications filed under Section 7 and 95 of IBC, 2016 filed by the Respondents as Applications filed with malicious intent - HELD THAT:- The crux of the contention pertains to the indecision of the Financial Creditor in not taking a decision on the CTS proposal given by the Applicants. In any case, this Tribunal cannot pass any direction to the Financial Creditor to accept or reject an OTS proposal. Also the non-acceptance of the OTS proposal by the Financial Creditor would not act as an embargo for this Tribunal to pass an order ¡n an Application filed under Section 7 and 95 of IBC, 2016. Application dismissed.
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