The Financial Creditor/Respondent filed an application seeking clarification of the order dated 13.10.2025 in Comp. App. (AT) (Ins.) No. 767 of 2025.
The appeal was filed challenging the order of the Adjudicating Authority admitting the partnership firm to CIRP.
A settlement was entered into between the parties during the pendency of the appeal on 21.08.2025.
The appellant informed the Adjudicating Authority on 14.02.2025 that the issue is likely to be settled.
The appellant had fully settled the Financial Creditor who initiated the CIRP.
The Adjudicating Authority's order dated 08.05.2025 in C.P. (I.B) No.539/MB/2024 is set aside and the matter is remanded back to the Adjudicating Authority.
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The Financial Creditor/Respondent filed an application seeking clarification of the order dated 13.10.2025 in Comp. App. (AT) (Ins.) No. 767 of 2025.
The appeal was filed challenging the order of the Adjudicating Authority admitting the partnership firm to CIRP.
A settlement was entered into between the parties during the pendency of the appeal on 21.08.2025.
The appellant informed the Adjudicating Authority on 14.02.2025 that the issue is likely to be settled.
The appellant had fully settled the Financial Creditor who initiated the CIRP.
The Adjudicating Authority's order dated 08.05.2025 in C.P. (I.B) No.539/MB/2024 is set aside and the matter is remanded back to the Adjudicating Authority.
Order date fo…
Settlement ente…