The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The appellant approached the financial creditor with a settlement proposal after the impugned order was passed. The appellant is ready and willing to enhance the settlement offer, which is to be made within 48 hours.
Pawan Kumar Manguturam Bairagra is the appellant in a Company Appeal (AT)(Insolvency) No. 701 of 2023. Encore Asset Reconstruction Company Ltd. is the respondent. After the impugned order was passed, the appellant approached the financial creditor with a settlement proposal. The appellant is ready and willing to enhance the offer, which is to be made within 48 hours. The court has directed that the appeal be listed on May 31, 2023, and that the CoC should not be constituted until that date if it has not already been constituted.
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Learned Counsel for the Appellant submits that…
The appeal is listed to be taken on 31st…
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The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The appellant approached the financial creditor with a settlement proposal after the impugned order was passed. The appellant is ready and willing to enhance the settlement offer, which is to be made within 48 hours.
Pawan Kumar Manguturam Bairagra is the appellant in a Company Appeal (AT)(Insolvency) No. 701 of 2023. Encore Asset Reconstruction Company Ltd. is the respondent. After the impugned order was passed, the appellant approached the financial creditor with a settlement proposal. The appellant is ready and willing to enhance the offer, which is to be made within 48 hours. The court has directed that the appeal be listed on May 31, 2023, and that the CoC should not be constituted until that date if it has not already been constituted.
Learned Counsel for the Appellant submits that…
The appeal is listed to be taken on 31st…
Sign in to view related legal provisions.