The appeal was filed against the order dated 17.01.2023, by which an application filed under Section 9 of the I&B Code, 2016, by Respondent No. 1 (Operational Creditor) against Respondent No. 2 (Corporate Debtor), was admitted. The Ex-Director of the Corporate Debtor filed the appeal. Notice was issued on 20.01.2023.
Hafiz Ali Ullatt (Appellant) filed an appeal against the order dated 17.01.2023, which admitted an application under Section 9 of the I&B Code filed by Translumina Therapeutics LLP & Anr. (Respondent No. 1, Operational Creditor) against Respondent No. 2 (Corporate Debtor). The Appellant settled the dues of the Respondent for Rs. 2.61 Crores (approx.) and paid the entire amount. An out-of-court settlement was reached between the parties, with the Corporate Debtor making the entire payment to the Operational Creditor. The IRP (Respondent No. 2) submitted that expenses were incurred during this period. The expenses included reimbursement for downloading financial and public documents from Karza Scan (Rs. 500), advocate fees for filing an affidavit (Rs. 8,250), and
…Sign in to view the parties.
Order passed by which…
Notice in the…
Sign in to view related legal provisions.
The appeal was filed against the order dated 17.01.2023, by which an application filed under Section 9 of the I&B Code, 2016, by Respondent No. 1 (Operational Creditor) against Respondent No. 2 (Corporate Debtor), was admitted. The Ex-Director of the Corporate Debtor filed the appeal. Notice was issued on 20.01.2023.
Hafiz Ali Ullatt (Appellant) filed an appeal against the order dated 17.01.2023, which admitted an application under Section 9 of the I&B Code filed by Translumina Therapeutics LLP & Anr. (Respondent No. 1, Operational Creditor) against Respondent No. 2 (Corporate Debtor). The Appellant settled the dues of the Respondent for Rs. 2.61 Crores (approx.) and paid the entire amount. An out-of-court settlement was reached between the parties, with the Corporate Debtor making the entire payment to the Operational Creditor. The IRP (Respondent No. 2) submitted that expenses were incurred during this period. The expenses included reimbursement for downloading financial and public documents from Karza Scan (Rs. 500), advocate fees for filing an affidavit (Rs. 8,250), and
…Order passed by which…
Notice in the…
Sign in to view related legal provisions.