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Order Passed Under Sec 7
Hon’ble NCLT Allahabad Bench

IN THE NATIONAL COMPANY LAW TRIBUNAL
ALLAHABAD BENCH

C.P. (I.B.) No. 70 & 71/7/NCLT/ALD/2017

Decided On: 20.09.2017

Applicant: Bank of Baroda
Vs.
Respondent: Rotomac Global Pvt. Ltd.

Judges/Coram:
Hon'ble Sh. H.P. Chaturvedi, Member (J)

Counsels:
For Appellant/Petitioner/Plaintiff: Sh. Anurag Khanna, Sr, Advocate, alongwith Sh. Rahul Agarwal,
Advocate

For Respondents/Defendant: Sh. Navin Sinha, Sh. Dinesh Kakkar, Advocates

ORDER

Hon'ble Sh. H.P. Chaturvedi, Member (J)

Present insolvency Applications i.e. CP No.(113)70/ALD/2017 and CP No.(IB)71/ALD/2017 are
tiled by the Financial Creditor the Bank of Baroda) against the Corporate Debtor Companies Rotomac
Global Private Limited and Rotomac Exports Private Limited respectively.

These applications have been filed U/s 7 of the insolvency & Bankruptcy Code, 2016 [hereinafter
referred to as "the Code] read with Rule 4 of the Insolvency & Bankruptcy (Application to Adjudicating

Authority) Rules, 2016 for triggering the Corporate Insolvency Resolution Process in respect of the
corporate debtor companies namely M/s Rotomac Global Private Limited (being principal borrower)
and further M/s Rotomac Exports Private Limited (as being surety to the loan availed). lance, both

the applications were heard together and for the sake of convenience, are being disposed of by this
common order.

Brief facts of the case, as per the Applicant Bank is that the Corporate Debtor Company has
committed default in making payment of its debts for outstanding amount of Rs.553,78,21,954.66/-

(Rupees Five hundred and Fifty-Three Crores, Seventy-Eight Lakhs, Twenty-One Thousand, Nine
Hundred and Fifty-Four and Sixty-Six Paise Only) such loan facilities have been availed by the
borrower company M/s Rotomac Global Pvt. Ltd, to which the another Corporate Debtor Company (in

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