This appeal was filed against the order dated 17.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench-IV, in IA. 580/2023. The appellant challenged the rejection of its claim by the Resolution Professional. The Adjudicating Authority rejected IA. 580/2023, leading to this appeal. The appellant, Aaditri Constructions Private Ltd., and Radius & Developers Builders LLP executed a Debenture Trust Deed (DTD) for 3,95,00,000 secured optionally convertible debentures. An agreement dated 29.03.2019 was executed between the Appellant-Debenture Trustee and Radius Infra Holdings Private Ltd. (Corporate Debtor) and the Promoters to provide additional securities to secure the debentures and pay the entire secured consideration under the
…Aaditri Constructions Private Ltd. (Appellant) and Radius & Developers Builders LLP executed a Debenture Trust Deed (DTD) concerning 3,95,00,000 secured optionally convertible debentures. An Agreement dated 29.03.2019 was executed between the Appellant, Radius Infra Holdings Private Ltd. (Corporate Debtor), and the Promoters to provide additional securities. The Debenture Trustee issued a notice on 28.07.2021, demanding payment and redemption of debentures due to defaults. The Appellant issued a notice to the Corporate Debtor on 21.01.2022. Yes Bank (Respondent No.3) initiated CIRP under Section 7, resulting in an order dated 09.05.2022. The Appellant filed a claim in Form 'C' on 26.05.2022. The Resolution Professional rejected the claim, leading to the Appellant
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Debenture Trust Deed executed between the…
Agreement executed between the Appellant -…
This appeal was filed against the order dated 17.03.2023 passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench-IV, in IA. 580/2023. The appellant challenged the rejection of its claim by the Resolution Professional. The Adjudicating Authority rejected IA. 580/2023, leading to this appeal. The appellant, Aaditri Constructions Private Ltd., and Radius & Developers Builders LLP executed a Debenture Trust Deed (DTD) for 3,95,00,000 secured optionally convertible debentures. An agreement dated 29.03.2019 was executed between the Appellant-Debenture Trustee and Radius Infra Holdings Private Ltd. (Corporate Debtor) and the Promoters to provide additional securities to secure the debentures and pay the entire secured consideration under the
…Aaditri Constructions Private Ltd. (Appellant) and Radius & Developers Builders LLP executed a Debenture Trust Deed (DTD) concerning 3,95,00,000 secured optionally convertible debentures. An Agreement dated 29.03.2019 was executed between the Appellant, Radius Infra Holdings Private Ltd. (Corporate Debtor), and the Promoters to provide additional securities. The Debenture Trustee issued a notice on 28.07.2021, demanding payment and redemption of debentures due to defaults. The Appellant issued a notice to the Corporate Debtor on 21.01.2022. Yes Bank (Respondent No.3) initiated CIRP under Section 7, resulting in an order dated 09.05.2022. The Appellant filed a claim in Form 'C' on 26.05.2022. The Resolution Professional rejected the claim, leading to the Appellant
…Debenture Trust Deed executed between the…
Agreement executed between the Appellant -…