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. Despite the settlement, the application was admitted. The appellant filed a Company Appeal (AT) (Ins.) No. 671 of 2022 seeking withdrawal of the CIRP proceedings.
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. Prior to the admission of the application, on 04.05.2022, a settlement had been reached between the parties. This settlement was communicated to the Adjudicating Authority on 30.05.2022. Despite the settlement, the application was admitted on 01.06.2022. The appellant sought to withdraw the Company Appeal, citing the settlement. The court considered the settlement and the appellant's request for withdrawal.
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A settlemen…
The settlement was…
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. Despite the settlement, the application was admitted. The appellant filed a Company Appeal (AT) (Ins.) No. 671 of 2022 seeking withdrawal of the CIRP proceedings.
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. Prior to the admission of the application, on 04.05.2022, a settlement had been reached between the parties. This settlement was communicated to the Adjudicating Authority on 30.05.2022. Despite the settlement, the application was admitted on 01.06.2022. The appellant sought to withdraw the Company Appeal, citing the settlement. The court considered the settlement and the appellant's request for withdrawal.
A settlemen…
The settlement was…