The appeal was filed against an order dated 15.03.2023, where a Section 7 application by the Financial Creditor was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, I.A. No. 1135 of 2023 was filed jointly by the Financial Creditor and the Suspended Director of the Corporate Debtor, recording Consent Terms dated 16.03.2023, indicating the Corporate Debtor had settled the matter for Rs. 1.44 Crore through Demand Draft.
Rishav Sanjeev Aggarwal filed an appeal against Apollo Pipes Ltd. & Anr. concerning an order dated 15.03.2023. The initial order admitted a Section 7 application filed by the Financial Creditor, leading to the appointment of an Interim Resolution Professional (IRP). Subsequently, the Financial Creditor and the Suspended Director of the Corporate Debtor jointly filed I.A. No. 1135 of 2023, presenting Consent Terms dated 16.03.2023, which indicated that the Corporate Debtor had settled the matter by agreeing to pay Rs. 1.44 Crore. Payments were made through Demand Draft. The Financial Creditor informed the IRP about the settlement and requested that the process not continue, also agreeing to pay Rs. 1 Lakh to the IRP as a fee. This settlement led to the court setting
…Sign in to view the parties.
Order passed admitting Section 7 application by…
Consent Terms agreed upon between the…
The appeal was filed against an order dated 15.03.2023, where a Section 7 application by the Financial Creditor was admitted, and an Interim Resolution Professional (IRP) was appointed. Subsequently, I.A. No. 1135 of 2023 was filed jointly by the Financial Creditor and the Suspended Director of the Corporate Debtor, recording Consent Terms dated 16.03.2023, indicating the Corporate Debtor had settled the matter for Rs. 1.44 Crore through Demand Draft.
Rishav Sanjeev Aggarwal filed an appeal against Apollo Pipes Ltd. & Anr. concerning an order dated 15.03.2023. The initial order admitted a Section 7 application filed by the Financial Creditor, leading to the appointment of an Interim Resolution Professional (IRP). Subsequently, the Financial Creditor and the Suspended Director of the Corporate Debtor jointly filed I.A. No. 1135 of 2023, presenting Consent Terms dated 16.03.2023, which indicated that the Corporate Debtor had settled the matter by agreeing to pay Rs. 1.44 Crore. Payments were made through Demand Draft. The Financial Creditor informed the IRP about the settlement and requested that the process not continue, also agreeing to pay Rs. 1 Lakh to the IRP as a fee. This settlement led to the court setting
…Order passed admitting Section 7 application by…
Consent Terms agreed upon between the…