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2021 (2) TMI 1175 - Tri - Insolvency and BankruptcyMaintainability of application - It is submitted that two OTS proposals were given to the Financial Creditor which has been rejected - HELD THAT - There is no chance for settlement. The application has become infructuous. The same stands dismissed.
The Tribunal dismissed the application as two OTS proposals to the Financial Creditor, Punjab National Bank, were rejected, making settlement unlikely. (Case Citation: 2021 (2) TMI 1175 - NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI COURT-UE)
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