2018 (3) TMI 1811

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..... Respondent. Heard. In this writ petition, the petitioner happens to be a Company registered under the provisions of the Companies Act and is represented thorough its Company Secretary. The petitioner company claimed that they have obtained loan from a consortium of Bank, but the total amount is less than Rs. 5,000 crores. As per the guideline issued by the RBI, under Annexure-2, the Internal Ad .....

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..... has been made by the Bank. He also drew attention to the Court to annexure-4 where the petitioner has made a representation to the Deputy General Manager that its outstanding is below Rs. 5,000 crores. Hence to discuss the matter for debt Resolution Plan. However, no such decision has been taken.  In that view of the matter, this Court finds that an arguable case appears in favour of the p .....

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