The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The Operational Creditor and the Corporate Debtor reached an amicable settlement, reducing the terms of the settlement to writing. The settlement terms were filed before the Appellate Tribunal.
Pankaj Lakhamshi Soni filed an appeal against Sand Stone Constructions. The Operational Creditor (Sand Stone Constructions) and the Corporate Debtor reached an amicable settlement. The terms of the settlement involved a payment of Rs.3 Crore by the Corporate Debtor to the Operational Creditor. The payment was to be made via Pay Order No. 122687 dated 30.01.2020. The NCLAT accepted the settlement, set aside the order admitting the application under Section 9, and released Spenta Builders Pvt. Ltd. from the Corporate Insolvency Resolution Process. The Appellant – Corporate Debtor was directed to pay Rs.3 Lakhs + GST to the Interim Resolution Professional for their services.
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Parties submitted that…
Pay Order No. 122687…
The case involves an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The Operational Creditor and the Corporate Debtor reached an amicable settlement, reducing the terms of the settlement to writing. The settlement terms were filed before the Appellate Tribunal.
Pankaj Lakhamshi Soni filed an appeal against Sand Stone Constructions. The Operational Creditor (Sand Stone Constructions) and the Corporate Debtor reached an amicable settlement. The terms of the settlement involved a payment of Rs.3 Crore by the Corporate Debtor to the Operational Creditor. The payment was to be made via Pay Order No. 122687 dated 30.01.2020. The NCLAT accepted the settlement, set aside the order admitting the application under Section 9, and released Spenta Builders Pvt. Ltd. from the Corporate Insolvency Resolution Process. The Appellant – Corporate Debtor was directed to pay Rs.3 Lakhs + GST to the Interim Resolution Professional for their services.
Parties submitted that…
Pay Order No. 122687…