The case involves an appeal filed by Container Corporation of India Ltd. (CONCOR) against Roadwings International Pvt. Ltd. & Anr. The appeal pertains to an Interlocutory Application (I.A. No. 4590 of 2024) seeking to allow the appeal based on a settlement reached between the parties. The settlement was allegedly made in view of the Government of India's 'Vivad se Vishwas-II' scheme. The respondent had previously filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, which was admitted by the Tribunal. This order was challenged by the appellant.
Container Corporation of India Ltd. (CONCOR) filed an appeal against Roadwings International Pvt. Ltd. & Anr. An Interlocutory Application (I.A. No. 4590 of 2024) was filed to allow the appeal based on a settlement dated 03.07.2024. The settlement was allegedly reached under the Government of India's 'Vivad se Vishwas-II' scheme. Roadwings International Pvt. Ltd. had filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, which was admitted by the Tribunal on 12.07.2023. CONCOR challenged this order. Roadwings International Pvt. Ltd. filed claims under the scheme on 31.08.2023 for Rs. 67,24,23,278/-. CONCOR made a counter offer of Rs. 38,04,84,291.85/- on 06.05.2024, which Roadwings International Pvt. Ltd. accepted on 04.06.2024.
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The case involves an appeal filed by Container Corporation of India Ltd. (CONCOR) against Roadwings International Pvt. Ltd. & Anr. The appeal pertains to an Interlocutory Application (I.A. No. 4590 of 2024) seeking to allow the appeal based on a settlement reached between the parties. The settlement was allegedly made in view of the Government of India's 'Vivad se Vishwas-II' scheme. The respondent had previously filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, which was admitted by the Tribunal. This order was challenged by the appellant.
Container Corporation of India Ltd. (CONCOR) filed an appeal against Roadwings International Pvt. Ltd. & Anr. An Interlocutory Application (I.A. No. 4590 of 2024) was filed to allow the appeal based on a settlement dated 03.07.2024. The settlement was allegedly reached under the Government of India's 'Vivad se Vishwas-II' scheme. Roadwings International Pvt. Ltd. had filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, which was admitted by the Tribunal on 12.07.2023. CONCOR challenged this order. Roadwings International Pvt. Ltd. filed claims under the scheme on 31.08.2023 for Rs. 67,24,23,278/-. CONCOR made a counter offer of Rs. 38,04,84,291.85/- on 06.05.2024, which Roadwings International Pvt. Ltd. accepted on 04.06.2024.
…The Tribunal admitted an application under…
An order was passed stating that the order…