The appellant, Charan Singh Khangarot, entered into an OTS (One Time Settlement) with the Financial Creditor on 19.10.2023 but could only pay a partial amount. The Adjudicating Authority admitted Section 7 application.
An OTS was entered into between the appellant and the Financial Creditor on 19.10.2023.
The appellant could only pay a partial amount under the OTS.
The Adjudicating Authority admitted Section 7 application.
Form-A has been issued inviting claims.
The appellant is endeavoring to approach the financial creditor to make payments as per the OTS terms.
The respondent claims that no OTS proposal has been received from the appellant.
The IRP is directed to collate claims based on Form-A but not to issue Form-G.
The appeal is listed for further hearing on 09.01.2025.
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Appellant entered into…
Order issued regarding…
The appellant, Charan Singh Khangarot, entered into an OTS (One Time Settlement) with the Financial Creditor on 19.10.2023 but could only pay a partial amount. The Adjudicating Authority admitted Section 7 application.
An OTS was entered into between the appellant and the Financial Creditor on 19.10.2023.
The appellant could only pay a partial amount under the OTS.
The Adjudicating Authority admitted Section 7 application.
Form-A has been issued inviting claims.
The appellant is endeavoring to approach the financial creditor to make payments as per the OTS terms.
The respondent claims that no OTS proposal has been received from the appellant.
The IRP is directed to collate claims based on Form-A but not to issue Form-G.
The appeal is listed for further hearing on 09.01.2025.
Appellant entered into…
Order issued regarding…