The case involves an appeal against the admission of a Section 9 application under the Insolvency and Bankruptcy Code (IBC). Prior to the admission of the application, the parties had reached a settlement. This settlement was brought to the attention of the Adjudicating Authority, but the application was still admitted. The appellant filed an appeal against this admission.
Himalaya Food International Ltd. filed a Company Appeal (AT) (Ins.) No. 671 of 2022 against Montage Global Pvt. Ltd. The appeal arose from the admission of a Section 9 application in CP (IB) No. 491/ND/2020 on 01.06.2022. However, a settlement had been reached between the parties on 04.05.2022, prior to the admission of the application, and this settlement was communicated to the Adjudicating Authority on 30.05.2022. Despite the settlement, the application was admitted. The appellant sought to withdraw the appeal due to the settlement. The key fact is the settlement between the parties prior to the admission of the Section 9 application, which forms the basis for the appeal's withdrawal.
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Section 9 Application…
A settlemen…
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The case involves an appeal against the admission of a Section 9 application under the Insolvency and Bankruptcy Code (IBC). Prior to the admission of the application, the parties had reached a settlement. This settlement was brought to the attention of the Adjudicating Authority, but the application was still admitted. The appellant filed an appeal against this admission.
Himalaya Food International Ltd. filed a Company Appeal (AT) (Ins.) No. 671 of 2022 against Montage Global Pvt. Ltd. The appeal arose from the admission of a Section 9 application in CP (IB) No. 491/ND/2020 on 01.06.2022. However, a settlement had been reached between the parties on 04.05.2022, prior to the admission of the application, and this settlement was communicated to the Adjudicating Authority on 30.05.2022. Despite the settlement, the application was admitted. The appellant sought to withdraw the appeal due to the settlement. The key fact is the settlement between the parties prior to the admission of the Section 9 application, which forms the basis for the appeal's withdrawal.
Section 9 Application…
A settlemen…
Sign in to view related legal provisions.