The aggregate amount claimed to be in default is Rs 456.68 crore in five loans. "Even if the two instances of loan to the CD itself (without any co-borrower) are considered, the amount is well above the threshold requirement of Rs 1 crore," it said. Moreover, it also observed in response to the notices received under the Code, CD vide letter dated January 16, 2022, stated that negotiations in respect of the OTS are underway, and the terms of the OTS (one-time settlement) is being captured under definitive agreements. "It is noticed from the above reply that the CD has neither disputed the claim nor denied the agreements entered into between the parties," it said.