The case involves a Company Appeal (AT) (Insolvency) No.701 of 2023 before the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appellant is Pawan Kumar Manguturam Bairagra, and the respondent is Encore Asset Reconstruction Company Ltd. The matter pertains to an insolvency issue.
The appellant, Pawan Kumar Manguturam Bairagra, and the respondent, Encore Asset Reconstruction Company Ltd., were involved in a Company Appeal (AT) (Insolvency) No.701 of 2023. The learned counsel for both parties submitted to the court that they have reached a settlement. The settlement terms include an upfront payment of 10% of the agreed amount, with the remaining 10% to be paid within 30 days of signing the settlement agreement. The court directed that the Settlement Agreement be filed by 31.07.2023 and listed the appeal for further hearing on 01.08.2023. An interim order was continued.
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The case involves a Company Appeal (AT) (Insolvency) No.701 of 2023 before the National Company Law Appellate Tribunal, Principal Bench, New Delhi. The appellant is Pawan Kumar Manguturam Bairagra, and the respondent is Encore Asset Reconstruction Company Ltd. The matter pertains to an insolvency issue.
The appellant, Pawan Kumar Manguturam Bairagra, and the respondent, Encore Asset Reconstruction Company Ltd., were involved in a Company Appeal (AT) (Insolvency) No.701 of 2023. The learned counsel for both parties submitted to the court that they have reached a settlement. The settlement terms include an upfront payment of 10% of the agreed amount, with the remaining 10% to be paid within 30 days of signing the settlement agreement. The court directed that the Settlement Agreement be filed by 31.07.2023 and listed the appeal for further hearing on 01.08.2023. An interim order was continued.
Learned counsel for the Appellant and the…
Learned counsel submit…
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