Mumbai, June 8 :    Mumbai, June 8:  The debt restructuring plan of the Ahmedabad-based Arvind Mills has received a setback with the Indian unit of Commerzbank filing a criminal complaint against the ailing textile company and ICICI Ltd, the financial powerhouse, for breach of trust. The complaint was filed in Ahmedabad on June 6, the Indian unit of the German bank said. Commerzbank's Singapore branch was part of a group of 14 banks that lent AML $ 75 million in November 1996. ICICI was also one of the lenders, and appointed to serve as trustee for the loan. The statement said AML executed a series of sale and leaseback transactions with ICICI between 1998 and 1999 involving a total of Rs 362 crore ($ 77 million) of assets without the knowledge of the other creditors. 'These assets actually were part of the very assets which constituted the security of the syndicate and the transactions were done between AML and ICICI without the knowledge or consent of the syndicate in breach of obligations of AML as a borrower and that of ICICI as a trustee,' the statement said. Jayesh Shah, CFO of Arvind Mills, denied the allegations made by Commerzbank and said 'The bank has neither a valid criminal case nor a civil case.' 'It is very unfortunate that Commerzbank which is practically shutting its shop in India is resorting to such practices to get a higher and preferential payments compared to other co-lenders and in the process trying to damage the reputation of one of the leading corporation of India,' he said. The bank also alleges that AML sold a part of its garment manufacturing divisions to ICICI without the knowledge of the other creditors. The Commerzbank statement further alleged that AML diverted Rs 395 crore ($ 84.1 million) to various subsidiaries at a time when the firm was defaulting on payments to creditors.