The matter pertains to Company Appeal (AT) (Insolvency) No. 323 of 2020 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Ashish Prakash Chandra Gandhi, and the respondents, Trau Bros NV & Anr., have amicably settled the matter through consent terms reduced to writing on March 2, 2020. A copy of the consent terms was produced before the court.
Ashish Prakash Chandra Gandhi filed an appeal against Trau Bros NV & Anr. before the NCLAT. The parties reached an amicable settlement, documented in consent terms dated March 2, 2020. The settlement involved payment terms outlined in Para 3 of the consent terms. As part of the settlement, Respondent No. 1 was required to withdraw the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The consent terms covered the fees of the Resolution Professional and resolution costs, which the IRP confirmed had been paid. The Corporate Debtor was released from the Corporate Insolvency Resolution Process.
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The parties amicably…
The NCLAT disposed of the appeal based on the…
The matter pertains to Company Appeal (AT) (Insolvency) No. 323 of 2020 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Ashish Prakash Chandra Gandhi, and the respondents, Trau Bros NV & Anr., have amicably settled the matter through consent terms reduced to writing on March 2, 2020. A copy of the consent terms was produced before the court.
Ashish Prakash Chandra Gandhi filed an appeal against Trau Bros NV & Anr. before the NCLAT. The parties reached an amicable settlement, documented in consent terms dated March 2, 2020. The settlement involved payment terms outlined in Para 3 of the consent terms. As part of the settlement, Respondent No. 1 was required to withdraw the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The consent terms covered the fees of the Resolution Professional and resolution costs, which the IRP confirmed had been paid. The Corporate Debtor was released from the Corporate Insolvency Resolution Process.
The parties amicably…
The NCLAT disposed of the appeal based on the…