The case involves an appeal regarding a financial debt owed by the 'Corporate Debtor' to the 'Financial Creditors'. The factum of the debt being due and payable is not disputed. The issue revolves around the 'Master Restructuring Agreement' and its impact on the 'Financial Creditors' right to claim the debt under the 'I&B Code'. The appellant is seeking an opportunity to settle the dues.
The case concerns a financial debt owed by a 'Corporate Debtor' to 'Financial Creditors'. The existence and validity of the debt are not in dispute. A 'Master Restructuring Agreement' is in place, but the court is examining whether it impacts the 'Financial Creditors' rights to claim the debt under the 'I&B Code'. The appellant is attempting to raise funds to settle the debt, and the 'Committee of Creditors' has not yet been formed. The payment was due on March 31st, 2019.
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The court heard Mr. Angad Mehta, learned…
Payment was due on 31st…
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The case involves an appeal regarding a financial debt owed by the 'Corporate Debtor' to the 'Financial Creditors'. The factum of the debt being due and payable is not disputed. The issue revolves around the 'Master Restructuring Agreement' and its impact on the 'Financial Creditors' right to claim the debt under the 'I&B Code'. The appellant is seeking an opportunity to settle the dues.
The case concerns a financial debt owed by a 'Corporate Debtor' to 'Financial Creditors'. The existence and validity of the debt are not in dispute. A 'Master Restructuring Agreement' is in place, but the court is examining whether it impacts the 'Financial Creditors' rights to claim the debt under the 'I&B Code'. The appellant is attempting to raise funds to settle the debt, and the 'Committee of Creditors' has not yet been formed. The payment was due on March 31st, 2019.
The court heard Mr. Angad Mehta, learned…
Payment was due on 31st…
Sign in to view related legal provisions.