The case involves an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench. The appellant, representing the Corporate Debtor, contended that a settlement had been reached with the Financial Creditor before the admission of the application. The Financial Creditor initially declined to withdraw the application, citing that the matter was fixed for pronouncement. The parties submitted a 'Settlement Deed' dated 1st November 2018, indicating a settlement prior to the admission date.
Gaurav Pandey, the Appellant and Corporate Debtor, appealed against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Eternity Investment Services Pvt. Ltd. & Anr., the Respondents and Financial Creditors. The Adjudicating Authority, Chandigarh, admitted the application. The Appellant contended that a settlement had been reached with the Financial Creditor before the admission of the application. The Financial Creditor initially declined to withdraw the application. A 'Settlement Deed' dated 1st November 2018, was submitted, indicating a settlement prior to the admission date of 13th November 2018. An e-stamp for the settlement deed was purchased on 30th October 2018. The Resolution Professional submitted that fees and
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The case involves an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by the Adjudicating Authority (National Company Law Tribunal), Chandigarh Bench. The appellant, representing the Corporate Debtor, contended that a settlement had been reached with the Financial Creditor before the admission of the application. The Financial Creditor initially declined to withdraw the application, citing that the matter was fixed for pronouncement. The parties submitted a 'Settlement Deed' dated 1st November 2018, indicating a settlement prior to the admission date.
Gaurav Pandey, the Appellant and Corporate Debtor, appealed against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) by Eternity Investment Services Pvt. Ltd. & Anr., the Respondents and Financial Creditors. The Adjudicating Authority, Chandigarh, admitted the application. The Appellant contended that a settlement had been reached with the Financial Creditor before the admission of the application. The Financial Creditor initially declined to withdraw the application. A 'Settlement Deed' dated 1st November 2018, was submitted, indicating a settlement prior to the admission date of 13th November 2018. An e-stamp for the settlement deed was purchased on 30th October 2018. The Resolution Professional submitted that fees and
…E-stamp for the…
Settlement was…