The case involves an appeal against an order admitting an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Respondent had filed the Section 9 application, and an Interim Resolution Professional (IRP) was appointed. The Appellant challenged this order. During the appeal, the Tribunal passed an interim order staying the constitution of the Committee of Creditors (CoC). The Operational Creditor and the Corporate Debtor have settled their disputes, and the Operational Creditor seeks to withdraw the Section 9 application.
Pramod Kumar Chaubey, the Suspended Director of Corporate Debtor Schneider Prototyping (India) Pvt. Ltd., filed an appeal against an order admitting a Section 9 application under the IBC filed by Guangzhou Seal Laser Rapid Prototype Co. Ltd. The Respondent's Section 9 application had been admitted, and an Interim Resolution Professional (IRP) was appointed. During the appeal, the Tribunal stayed the constitution of the Committee of Creditors (CoC). The Operational Creditor and the Corporate Debtor reached a settlement, with the Corporate Debtor paying US$ 112909 to the Operational Creditor. The Operational Creditor then sought to withdraw the Section 9 application. Employees had also filed Section 9 applications claiming dues, which were pending before the Adjudicating
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Order passed admitting…
Further Orders passed…
The case involves an appeal against an order admitting an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Respondent had filed the Section 9 application, and an Interim Resolution Professional (IRP) was appointed. The Appellant challenged this order. During the appeal, the Tribunal passed an interim order staying the constitution of the Committee of Creditors (CoC). The Operational Creditor and the Corporate Debtor have settled their disputes, and the Operational Creditor seeks to withdraw the Section 9 application.
Pramod Kumar Chaubey, the Suspended Director of Corporate Debtor Schneider Prototyping (India) Pvt. Ltd., filed an appeal against an order admitting a Section 9 application under the IBC filed by Guangzhou Seal Laser Rapid Prototype Co. Ltd. The Respondent's Section 9 application had been admitted, and an Interim Resolution Professional (IRP) was appointed. During the appeal, the Tribunal stayed the constitution of the Committee of Creditors (CoC). The Operational Creditor and the Corporate Debtor reached a settlement, with the Corporate Debtor paying US$ 112909 to the Operational Creditor. The Operational Creditor then sought to withdraw the Section 9 application. Employees had also filed Section 9 applications claiming dues, which were pending before the Adjudicating
…Order passed admitting…
Further Orders passed…