IN THE NATIONAL COMPANY LAW TRIBUNAL

ALLAHABAD BENCH, PRAYAGRAJ

________________________________________________________________

CP NO.67/ALD/2021 IN THE MATTER OF:

[An application under Section 71(10) of the Companies Act, 2013]

IN THE MATTER OF:

IDBI Trusteeship Services Limited

Ground Floor 17, Asian Building,

R. Kamani Marg, Ballard Estate,

Mumbai-400 001

…. Debenture Trustee/Applicant

AND

Margdarshak Financial Services Limited.

118 Dayal Farm, Ganeshpur-Rehmanpur,

Chinhat, Dewa Road,

Lucknow (UP) - 226 028

...Company/Respondent

Order pronounced on 2^nd May, 2024

CORAM:

Mr. Praveen Gupta : Member (Judicial)

Mr. Ashish Verma : Member (Technical)

APPEARANCES :

Sh. Kartikeya Saran, with : For the Petitioner Sh. Parthasarathy Bose & Sh. Lakshay Kumar, Advs.

Respondent : Ex-parte v.o.d. 14.03.2024

ORDER

1. This application has been filed by IDBI Trusteeship Services Limited (hereinafter referred as the “applicant”) seeking the following prayer:

i. Direct the respondent to make repayment of the aforesaid debentures along with interest and other charges due thereon, in accordance with the terms and conditions of the Debentures i.e. an amount of Rs.21,84,18,974.18 [Rupees Twenty One Crore Eighty Four Lakh Eight