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2020 (11) TMI 288 - Tri - Insolvency and BankruptcyUpfront Charges - arrangement of the remaining amount by way of bank finance - Applicant submits that the performance guarantee is on the higher side when the Resolution Plan itself is for ₹ 23 Crores - HELD THAT:- Considering the facts and circumstance of the case and the time required for the CoC to take such a decision, in the interest of justice we order that the CoC may consider the Resolution Plan by accepting the bank performance guarantee of ₹ 3 Crores as agreed to be provided by the Resolution Applicant. Application disposed off.
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