2018 (1) TMI 1322

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sgupta, Mr.Nikhil Ratti Kapoor, Ms.Avshreya Rudy and Ms.Nandini Singh, Advs. for GTL Infrastructure Ltd. For The Petitioner Mr.Dayau Krishnan, Sr.Adv. with Mr.Abhijeet Sinha, Ms.Shally Bhasin, Mr.Chaitanya Safaya and Ms.Neera Nagpal, Advs.,  Mr.Akhil Sibal, Sr.Adv. with Mr.Raunak Dhillon, Mr.George Varghese and Ms.Jahnavi Mitra, Advs. for SBI (lead bank). For The Respondents. ORDER O.M.P.( .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be restrained from re-structuring their debt/share capital. It is pleaded that the entire assets of the respondent company moveable and immoveable are charged to a consortium of bankers to whom the respondent owes over nearly Rs. 17,000 crores. It is pleaded that the consortium of bankers of whom SBI is the lead bank has right to take steps as per RBI guidelines being a secured creditor against t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f bankers may require certain assets of the company to be sold by the respondent for purpose of re-structuring of the debt that is owed to the consortium. In the eventuality, that such a step is required to be taken, the respondent is free to move an application before this court seeking modification of the present order. Needless to add, the bankers/SBI may take steps to exercise their rights as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X