TMI Blog2020 (11) TMI 288X X X X Extracts X X X X X X X X Extracts X X X X ..... rores - 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. - IA 1072/2020 in CP (IB) 1349/MB/201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e claims under the resolution plan within 6 months, it may be considered that the amendment in the relevant clause of performance guarantee in RFRP be considered. b. Necessary directions may be given to the COC RP to make changes in the RPRP as sought by them in their communication dated 08.07.2020 through resolution professional to the lead applicant . The Applicant is the sole Resolut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the Plan on the scaled down performance guarantee. We feel that this could have been done by the CoC itself in its commercial wisdom. However, 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 Cr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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