(1.) By Notice of Motion No. 3710 of 2011, the Plaintiffs -- ICICI Bank Ltd. ICICI Bank) being debenture trustees in respect of 15% non-convertible debentures issued by M/s. Pal Peugeot Ltd.. (PPL) and representing 4.31% of the debenture holders of PPL is seeking the following reliefs:
(2.) By Notice of Motion No. 613 of 2014, the Applicant-Metropolitan Infra Housing Pvt. Ltd. (Metropolitan Housing) which holds the bulk of the debentures (95.69 per cent) in PPL has prayed for the following reliefs:
(3.) Since both the Applications pray for similar reliefs and involve common facts and question of law, they are heard together and are disposed of by this common judgment.