This is an appeal against an order related to the Corporate Insolvency Resolution Process (CIRP). The matter was settled between the Appellant and the Respondent, who is an Operational Creditor. The Corporate Debtor had already paid a portion of the outstanding amount before the admission of the application under Section 9 of the I&B Code. The remaining amount, as shown in the Demand Notice, was subsequently paid. The Interim Resolution Professional (IRP) had incurred costs, and the Committee of Creditors was not constituted.
Girish Agarwal (Appellant) filed an appeal against M/s. Lavis Signature Panel Pvt. Ltd. (Respondent), an Operational Creditor, regarding an insolvency matter. The Corporate Debtor had paid Rs. 3 lakhs before the admission of the application under Section 9 of the I&B Code, and the remaining amount of Rs. 4,26,672/- was paid subsequently. The parties reached a settlement. The Committee of Creditors was not constituted. The Interim Resolution Professional (IRP) incurred costs of Rs. 1,32,000/-. The Corporate Insolvency Resolution Process (CIRP) was initiated against ‘M/s. Nikunj Woods Pvt. Ltd.'. The Adjudicating Authority passed orders appointing an Interim Resolution Professional, declaring a moratorium, and freezing accounts. The application preferred by the
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Date of the impugned order whereby the…
Rest of the amount of Rs. 4,26,672/- which was…
This is an appeal against an order related to the Corporate Insolvency Resolution Process (CIRP). The matter was settled between the Appellant and the Respondent, who is an Operational Creditor. The Corporate Debtor had already paid a portion of the outstanding amount before the admission of the application under Section 9 of the I&B Code. The remaining amount, as shown in the Demand Notice, was subsequently paid. The Interim Resolution Professional (IRP) had incurred costs, and the Committee of Creditors was not constituted.
Girish Agarwal (Appellant) filed an appeal against M/s. Lavis Signature Panel Pvt. Ltd. (Respondent), an Operational Creditor, regarding an insolvency matter. The Corporate Debtor had paid Rs. 3 lakhs before the admission of the application under Section 9 of the I&B Code, and the remaining amount of Rs. 4,26,672/- was paid subsequently. The parties reached a settlement. The Committee of Creditors was not constituted. The Interim Resolution Professional (IRP) incurred costs of Rs. 1,32,000/-. The Corporate Insolvency Resolution Process (CIRP) was initiated against ‘M/s. Nikunj Woods Pvt. Ltd.'. The Adjudicating Authority passed orders appointing an Interim Resolution Professional, declaring a moratorium, and freezing accounts. The application preferred by the
…Date of the impugned order whereby the…
Rest of the amount of Rs. 4,26,672/- which was…