ICICI BANK LTD Vs. ABG SHIPYARD LIMITED

JUDGEMENT

(1.) Learned Advocate Mr. Sahil Shah with Learned Advocate Mr. Abhishek Mukherjee i/b Cyril Amarchand Mangaldas present for Financial Creditor/Applicant. Learned Advocate Mr. Parth Contractor present for Respondent.

(2.) M/S. ABG Shipyard Limited, is a company incorporated under the Companies Act having its Registered Office at Magdalla Village, Opp. Dumas Road, Dist. Surat. Authorised share capital of M/s. ABG Shipyard Limited, is Rs. 170,00,00,000/-. Paid up share capital of the company is Rs. 201,50,46,640/-.

(3.) Financial creditors granted several loan facilities to the corporate debtors under Master Restructuring Agreement (MRA) dated 28.03.2014, the first amendment agreement to MRA dated 30.07.2014, and 2nd amendment agreement dated 09.09.2014.