The case originates from an order dated 2020-01-06 passed by the National Company Law Tribunal, New Delhi, concerning Company Petition No.IB-1584/ND/2019. Respondent No.1, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was admitted by the Adjudicating Authority on January 6, 2020. Subsequently, Mr. D.S. Reddy, partner of DSTR Infrastructure & Projects LLP (Respondent No.3/Corporate Debtor), filed an appeal against the admission of the application.
Mr. D.S. Reddy, partner of DSTR Infrastructure & Projects LLP, filed an appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Eco Drilling Fluids Pvt. Ltd., the Operational Creditor, before the National Company Law Tribunal (NCLT), New Delhi. The NCLT admitted the application on January 6, 2020. Subsequently, the Operational Creditor and the Appellant settled the dispute, with the Operational Creditor confirming receipt of all dues. The Interim Resolution Professional (IRP) stated that the Committee of Creditors (COC) had not yet been constituted. The Operational Creditor then sought to withdraw the original application. The key fact is the settlement between the parties,
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National Company Law Tribunal, New Delhi,…
Application under…
The case originates from an order dated 2020-01-06 passed by the National Company Law Tribunal, New Delhi, concerning Company Petition No.IB-1584/ND/2019. Respondent No.1, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was admitted by the Adjudicating Authority on January 6, 2020. Subsequently, Mr. D.S. Reddy, partner of DSTR Infrastructure & Projects LLP (Respondent No.3/Corporate Debtor), filed an appeal against the admission of the application.
Mr. D.S. Reddy, partner of DSTR Infrastructure & Projects LLP, filed an appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Eco Drilling Fluids Pvt. Ltd., the Operational Creditor, before the National Company Law Tribunal (NCLT), New Delhi. The NCLT admitted the application on January 6, 2020. Subsequently, the Operational Creditor and the Appellant settled the dispute, with the Operational Creditor confirming receipt of all dues. The Interim Resolution Professional (IRP) stated that the Committee of Creditors (COC) had not yet been constituted. The Operational Creditor then sought to withdraw the original application. The key fact is the settlement between the parties,
…National Company Law Tribunal, New Delhi,…
Application under…