The multiband transparency effect in terahertz (THz) domain has intrigued the scientific community due to its significance in developing THz multiband devices. In this article, we have proposed a planar metamaterial geometry comprised of a toroidal split ring resonator (TSRR) flanked by two asymmetric C resonators. The proposed geometry results in multi-band transparency windows in the THz region via strong near field coupling of the toroidal excitation with the dipolar C-resonators of the meta molecule. The geometry displays dominant toroidal excitation as demonstrated by a multipolar analysis of scattered radiation. High Q factor resonances of the metamaterial configuration is reported which can find significance in sensing applications. We report the frequency modulation of transparency windows by changing the separation between TSRR and the C resonators. The numerically simulated findings have been interpreted and validated using an equivalent theoretical model based upon three coupled oscillators system. Such modeling of toroidal resonances may be utilized in future studies on toroidal excitation based EIT responses in metamaterials. Our study has the potential to impact the development of terahertz photonic components useful in building next generation devices.