Ramesh Ranganathan, J.

1. O.S.A. Nos. 16 and 22 OF 2015 have been filed by the petitioner and the respondent in C.P. No. 169 of 2014 respectively. While the appellant in O.S.A. No. 22 of 2015 (respondent in C.P. No. 169 of 2014) is aggrieved by the order of the learned Company Judge admitting the appeal, the appellant in O.S.A. No. 16 of 2015 (the petitioner in C.P. No. 169 of 2014) is aggrieved to the limited extent that the learned Company Judge deferred advertisement, of admission of the Company Petition, for a period of six months. Parties shall, hereinafter, be referred to as they are arrayed in the Company Petition.

2. The Petitioner-bank, a limited Company registered under the laws of the Republic of Mauritius, has its registered office at Port Louis, Mauritius. Hestia Holdings Limited (HHL for short), a company incorporated under the Laws of Mauritius, has its registered Office in the Republic of Mauritius. HHL, a wholly owned subsidiary of the respondent-company, entered into a facility agreement dated 9-11-2010 with the petitioner-bank whereby a trade finance banking facility was established in favour of HHL upto a limit of 10 million US dollars. On 9-12-2010, the r