The appeal was filed against an order dated 2022-05-27 by the Adjudicating Authority, which admitted the application filed by the Respondent-Operational Creditor under Section 9 of the IBC. The Interim Resolution Professional (IRP) was represented through learned counsel.
National Textile Corporation Ltd. filed an appeal against Hero Solar Energy Pvt. Ltd. The appeal was against the order of the Adjudicating Authority, which admitted the application filed by Hero Solar Energy Pvt. Ltd. under Section 9 of the IBC. During the proceedings, the parties informed the court that they had reached a settlement. The court allowed the appellant to file a Settlement Agreement and stayed the CIRP initiated by order dated 2022-05-27. The Settlement Agreement between the parties dated 2022-05-31 was placed on record. The Operational Creditor prayed that he may be permitted to withdraw the application. The court took the Settlement Agreement on record and permitted the withdrawal of the Section 9 application. The CIRP initiated by order dated
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The Settlement…
The appeal was filed against an order dated 2022-05-27 by the Adjudicating Authority, which admitted the application filed by the Respondent-Operational Creditor under Section 9 of the IBC. The Interim Resolution Professional (IRP) was represented through learned counsel.
National Textile Corporation Ltd. filed an appeal against Hero Solar Energy Pvt. Ltd. The appeal was against the order of the Adjudicating Authority, which admitted the application filed by Hero Solar Energy Pvt. Ltd. under Section 9 of the IBC. During the proceedings, the parties informed the court that they had reached a settlement. The court allowed the appellant to file a Settlement Agreement and stayed the CIRP initiated by order dated 2022-05-27. The Settlement Agreement between the parties dated 2022-05-31 was placed on record. The Operational Creditor prayed that he may be permitted to withdraw the application. The court took the Settlement Agreement on record and permitted the withdrawal of the Section 9 application. The CIRP initiated by order dated
…The Adjudicating Authority admitted the…
The Settlement…