The case involves a Company Appeal (AT) (Insolvency) No. 281 of 2019 before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. M/s. B.M. Pipes Private Limited, the appellant, filed the appeal against M/s. Eta Engineering Private Limited, the respondent. The dispute arose from unpaid dues for the supply of PVC pipes and fittings by BM Pipes to ETA Engineering. BM Pipes had initiated a civil suit for recovery of Rs. 5,09,039/- along with interest. Subsequently, both parties decided to settle the matter amicably.
M/s. B.M. Pipes Private Limited (BM Pipes) filed a Company Appeal (AT) (Insolvency) No. 281 of 2019 against M/s. Eta Engineering Private Limited (ETA Engineering) before the National Company Law Appellate Tribunal (NCLAT). The dispute originated from the supply of PVC pipes and fittings by BM Pipes to ETA Engineering, for which dues remained unpaid. BM Pipes initiated a Civil Suit No. 376 of 2017 before the Tis Hazari Courts, Delhi, seeking recovery of Rs. 5,09,039/- along with interest. Subsequently, both parties entered into a Memorandum of Settlement dated 28th September 2019, wherein ETA Engineering acknowledged its liabilities and agreed to pay Rs. 12,00,000/- to BM Pipes in full and final settlement. ETA provided post-dated cheques totaling Rs. 8 lacs and agreed
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M/s. BM Pipes Private Limited instituted…
Date of the order that…
The case involves a Company Appeal (AT) (Insolvency) No. 281 of 2019 before the National Company Law Appellate Tribunal (NCLAT) in New Delhi. M/s. B.M. Pipes Private Limited, the appellant, filed the appeal against M/s. Eta Engineering Private Limited, the respondent. The dispute arose from unpaid dues for the supply of PVC pipes and fittings by BM Pipes to ETA Engineering. BM Pipes had initiated a civil suit for recovery of Rs. 5,09,039/- along with interest. Subsequently, both parties decided to settle the matter amicably.
M/s. B.M. Pipes Private Limited (BM Pipes) filed a Company Appeal (AT) (Insolvency) No. 281 of 2019 against M/s. Eta Engineering Private Limited (ETA Engineering) before the National Company Law Appellate Tribunal (NCLAT). The dispute originated from the supply of PVC pipes and fittings by BM Pipes to ETA Engineering, for which dues remained unpaid. BM Pipes initiated a Civil Suit No. 376 of 2017 before the Tis Hazari Courts, Delhi, seeking recovery of Rs. 5,09,039/- along with interest. Subsequently, both parties entered into a Memorandum of Settlement dated 28th September 2019, wherein ETA Engineering acknowledged its liabilities and agreed to pay Rs. 12,00,000/- to BM Pipes in full and final settlement. ETA provided post-dated cheques totaling Rs. 8 lacs and agreed
…M/s. BM Pipes Private Limited instituted…
Date of the order that…