The Corporate Debtor was previously directed to pay a balance amount and replace bank guarantees. This hearing addresses the Corporate Debtor's compliance with those directions and requests for extensions.
By an order dated March 31, 2022, the Corporate Debtor/Applicant was directed to pay a balance amount of Rs. 23.47 crores along with interest from the due date until the actual payment. Additionally, the Bench directed the Corporate Debtor to replace all bank guarantees totaling Rs. 30.40 crores. The deadline for both the payment and the derisking of bank guarantees was May 15, 2022.
…The Corporate Debtor was directed to pay Rs.…
The last date for making the payment and…
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The Corporate Debtor was previously directed to pay a balance amount and replace bank guarantees. This hearing addresses the Corporate Debtor's compliance with those directions and requests for extensions.
By an order dated March 31, 2022, the Corporate Debtor/Applicant was directed to pay a balance amount of Rs. 23.47 crores along with interest from the due date until the actual payment. Additionally, the Bench directed the Corporate Debtor to replace all bank guarantees totaling Rs. 30.40 crores. The deadline for both the payment and the derisking of bank guarantees was May 15, 2022.
…The Corporate Debtor was directed to pay Rs.…
The last date for making the payment and…
Sign in to view related legal provisions.