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, Pawan Kumar Manguturam Bairagra, submitted a proposal to the respondent, Encore Asset Reconstruction Company Ltd., regarding payment terms. The appellant's counsel stated they are ready with 10% upfront and another 10% within 45 days, requesting a 4-month compliance period instead of 3 months.
Pawan Kumar Manguturam Bairagra (Appellant) filed a Company Appeal (AT) (Insolvency) No. 701 of 2023 against Encore Asset Reconstruction Company Ltd. (Respondent). The Appellant's counsel submitted a proposal to the Respondent, offering 10% upfront payment and another 10% within 45 days. The Appellant requested a 4-month compliance period instead of the initially proposed 3 months. The court considered the submissions and directed the Respondent's counsel to obtain instructions. The appeal was listed for further hearing on July 19, 2023, with an interim order to continue.
Sign in to view the parties.
Appellant's counsel submits a proposal to…
The appeal is…
Sign in to view related legal provisions.
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, Pawan Kumar Manguturam Bairagra, submitted a proposal to the respondent, Encore Asset Reconstruction Company Ltd., regarding payment terms. The appellant's counsel stated they are ready with 10% upfront and another 10% within 45 days, requesting a 4-month compliance period instead of 3 months.
Pawan Kumar Manguturam Bairagra (Appellant) filed a Company Appeal (AT) (Insolvency) No. 701 of 2023 against Encore Asset Reconstruction Company Ltd. (Respondent). The Appellant's counsel submitted a proposal to the Respondent, offering 10% upfront payment and another 10% within 45 days. The Appellant requested a 4-month compliance period instead of the initially proposed 3 months. The court considered the submissions and directed the Respondent's counsel to obtain instructions. The appeal was listed for further hearing on July 19, 2023, with an interim order to continue.
Appellant's counsel submits a proposal to…
The appeal is…
Sign in to view related legal provisions.