This Company Appeal challenges the order dated 08.03.2023 of the NCLT, Hyderabad bench, which allowed a Section 7 application and admitted the corporate debtor under the CIRP Proceedings. The parties had previously stated that a settlement was likely. The counsel for the appellant submitted a memo of settlement detailing the settlement between the appellant and the respondent (financial creditor).
Smt. Kandala Vijaya, Director of Suspended Board of Directors of Deepika Infratech Private Limited, filed a Company Appeal challenging the order dated 08.03.2023 of the NCLT, Hyderabad bench, which allowed a Section 7 application and admitted Deepika Infratech Private Limited under the CIRP Proceedings. Shri. Khabhmmettu Sri Vamsi, Interim Resolution Professional of M/s Deepika Infrastructure Private Limited, and SREI Equipment Finance Limited were the respondents. The parties reached a settlement, and the appellant filed a memo of settlement in IA No. 912/2024. The settlement was arrived at between the appellant and Respondent (Financial Creditor) and between him and M/s SREI Equipment finance Limited/ Respondent No.2 on 01.06.2024 and between him and M/s Alchemist
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NCLT, Hyderabad bench allowed a Section 7…
Reference to the same…
This Company Appeal challenges the order dated 08.03.2023 of the NCLT, Hyderabad bench, which allowed a Section 7 application and admitted the corporate debtor under the CIRP Proceedings. The parties had previously stated that a settlement was likely. The counsel for the appellant submitted a memo of settlement detailing the settlement between the appellant and the respondent (financial creditor).
Smt. Kandala Vijaya, Director of Suspended Board of Directors of Deepika Infratech Private Limited, filed a Company Appeal challenging the order dated 08.03.2023 of the NCLT, Hyderabad bench, which allowed a Section 7 application and admitted Deepika Infratech Private Limited under the CIRP Proceedings. Shri. Khabhmmettu Sri Vamsi, Interim Resolution Professional of M/s Deepika Infrastructure Private Limited, and SREI Equipment Finance Limited were the respondents. The parties reached a settlement, and the appellant filed a memo of settlement in IA No. 912/2024. The settlement was arrived at between the appellant and Respondent (Financial Creditor) and between him and M/s SREI Equipment finance Limited/ Respondent No.2 on 01.06.2024 and between him and M/s Alchemist
…NCLT, Hyderabad bench allowed a Section 7…
Reference to the same…