2007 (2) TMI 686

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..... n is preferred by the applicant for the relief inter alia to step into the shoes of ICICI Bank Ltd. which is one of the secured creditor of the Company in liquidation. 2. Upon hearing Mr. Pahwa for the applicant, Mr. Modi for the OL and Mr. Sanghi for respondent No.2, it appears that it is not in dispute that the ICICI Bank has assigned the debt to the applicant and the said position is confirm .....

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..... view of the voice of the secured creditors, more particularly, in view of the statutory requirement of majority. 4. Therefore, considering the facts and circumstances, and without prejudice to the rights and contentions of the applicant as well as the Official Liquidator, as may be, in the winding-up proceedings qua assignment of the debt or otherwise, and without prejudice to the rights and c .....

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