The appeal was filed against the order dated 2022-07-11 passed by NCLT Mumbai, Court-III, which admitted the application filed under Section 7 of IBC. An Interlocutory Application No. 2632 of 2022 was filed by the Appellant, duly signed by the Financial Creditor, where the parties brought on record a settlement of Consent Term dated 2022-08-02.
The appeal was filed against an order by NCLT Mumbai that admitted an application under Section 7 of the IBC. The parties reached a settlement, documented in a Consent Term dated 2022-08-02. The Financial Creditor sought to withdraw the application based on the Consent Term. The Appellant's counsel stated the appellant is ready to pay Rs. 1.5 lakhs to the IRP. The IRP's counsel was present and agreed with the amount.
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NCLT Mumbai, Court-III, passed an order…
Parties brought on…
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The appeal was filed against the order dated 2022-07-11 passed by NCLT Mumbai, Court-III, which admitted the application filed under Section 7 of IBC. An Interlocutory Application No. 2632 of 2022 was filed by the Appellant, duly signed by the Financial Creditor, where the parties brought on record a settlement of Consent Term dated 2022-08-02.
The appeal was filed against an order by NCLT Mumbai that admitted an application under Section 7 of the IBC. The parties reached a settlement, documented in a Consent Term dated 2022-08-02. The Financial Creditor sought to withdraw the application based on the Consent Term. The Appellant's counsel stated the appellant is ready to pay Rs. 1.5 lakhs to the IRP. The IRP's counsel was present and agreed with the amount.
NCLT Mumbai, Court-III, passed an order…
Parties brought on…
Sign in to view related legal provisions.