TMI Blog2019 (9) TMI 961X X X X Extracts X X X X X X X X Extracts X X X X ..... d on RBI Circular dated 12.2.2018 is dismissed with liberty to file fresh. - CP(IB) 3561(MB)/2018 - - - Dated:- 1-5-2019 - Shri V.P. Singh, Member (Judicial) And Shri Ravikumar Duraisamy, Member (Technical) For The Respondent : Mr Shadab S Jan ORDER 1. Petitioner has filed this Petition under Section 7 of IBC, 2016 for initiation of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Abhijit Basak, Deputy General manager, Industrial Finance Branch, Mumbai and attended by representatives of lenders. There was no representative of the company in the meeting. List of the participants is enclosed. At the outset, Mr Abhijit Basak welcomed the participants and briefed about the primary agenda for the meeting viz. Status of NCLT application. Minutes of the last con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to recovery action was deliberated. Union Bank of India, Bank of India and Central Bank of India confirmed about issuance of recall notice. Bank of Baroda informed that the same was under process at their end. With regard to recovery action, Central Bank of India confirmed that they have filed DRT suit for the exclusive security. It was also informed that Band H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the said order that in so far as Indian Banks are concerned, where the RBI Circular would be applied, this court has since struck down the said Circular and, hence, proceedings by the said Banks in the NCLT based upon the Circular must, therefore, come to an end in accordance with our judgement dated 2.4.2019 in Dharani Sugars and Chemicals Ltd v. Union of India and Ors . ..... X X X X Extracts X X X X X X X X Extracts X X X X
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