The case involves a Company Appeal (AT) (Insolvency) No.71 of 2023 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appellant and respondent were reportedly in settlement talks in 2012, where properties were given as security to liquidate the debt to the Financial Creditor. However, the respondent disputes the settlement document.
Kalpesh Ramniklal Shah is the appellant in the case. Mundara Estate Developers Ltd. & Anr. are the respondents. A settlement was allegedly reached between the parties in 2012, involving properties as security to liquidate the debt to the Financial Creditor. The respondent disputes the settlement document. The appellant requested, and was granted, three weeks to negotiate with the Financial Creditor to make payment of the dues. The court ordered that the CoC should not be constituted in pursuance of the impugned order.
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The case involves a Company Appeal (AT) (Insolvency) No.71 of 2023 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appellant and respondent were reportedly in settlement talks in 2012, where properties were given as security to liquidate the debt to the Financial Creditor. However, the respondent disputes the settlement document.
Kalpesh Ramniklal Shah is the appellant in the case. Mundara Estate Developers Ltd. & Anr. are the respondents. A settlement was allegedly reached between the parties in 2012, involving properties as security to liquidate the debt to the Financial Creditor. The respondent disputes the settlement document. The appellant requested, and was granted, three weeks to negotiate with the Financial Creditor to make payment of the dues. The court ordered that the CoC should not be constituted in pursuance of the impugned order.
Parties allegedly reached a settlement where…
Appellant requested time to negotiate with…
Sign in to view related legal provisions.