The appeal was preferred by Fantasy Buildwell Private Limited against an order dated 21.10.2019, which stated that there was no settlement proposal made as suggested on 09.10.2019 regarding CP No. 1161(PB)/2019, and the order remained reserved. The Adjudicating Authority had not passed an order for admission.
Fantasy Buildwell Private Limited filed an appeal against an order dated 21.10.2019. Two applications were filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, and one under Section 9 for initiating Corporate Insolvency Resolution Process against Fantasy Buildwell Private Limited ('Corporate Debtor'). Fantasy Buildwell Private Limited settled the matter with two applicants, Tej Mohan Sachdev ('Financial Creditor') and M/s S.R. Constructions ('Operational Creditor'). Negotiations for settlement were also ongoing between Fantasy Buildwell Private Limited and Mr. Amit Minda ('Financial Creditor'). The Adjudicating Authority had reserved the order in all three matters. The Adjudicating Authority had not passed an order for admission.
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A settlement proposal…
Order was passed stating that there was no…
The appeal was preferred by Fantasy Buildwell Private Limited against an order dated 21.10.2019, which stated that there was no settlement proposal made as suggested on 09.10.2019 regarding CP No. 1161(PB)/2019, and the order remained reserved. The Adjudicating Authority had not passed an order for admission.
Fantasy Buildwell Private Limited filed an appeal against an order dated 21.10.2019. Two applications were filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, and one under Section 9 for initiating Corporate Insolvency Resolution Process against Fantasy Buildwell Private Limited ('Corporate Debtor'). Fantasy Buildwell Private Limited settled the matter with two applicants, Tej Mohan Sachdev ('Financial Creditor') and M/s S.R. Constructions ('Operational Creditor'). Negotiations for settlement were also ongoing between Fantasy Buildwell Private Limited and Mr. Amit Minda ('Financial Creditor'). The Adjudicating Authority had reserved the order in all three matters. The Adjudicating Authority had not passed an order for admission.
A settlement proposal…
Order was passed stating that there was no…