The appeal was filed against the order dated 16.11.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench in CP No. (IB) 101/9/JPR/2021, which admitted the application filed under Section 9 of the IBC. A joint application I.A. No. 4756 of 2022 was filed by both parties to record the settlement dated 07.12.2022. The parties requested that the appeal be decided in terms of the settlement and that the settlement agreement be taken on record and the impugned order be set aside. They further requested that the deposited amount be released in favor of the Respondent No. 1 Company.
Sukhdev Gehlot, Ex Director of Velnik India Pvt. Ltd., filed an appeal against the order dated 16.11.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench in CP No. (IB) 101/9/JPR/2021, which admitted the application filed under Section 9 of the IBC. M/s. Millennium Babycares Pvt. Ltd. & Anr. are the respondents. Both parties filed a joint application I.A. No. 4756 of 2022 to record the settlement dated 07.12.2022. The appellant requested the appeal to be decided in terms of the settlement, the settlement agreement to be taken on record, the impugned order to be set aside, and the deposited amount to be released in favor of the Respondent No. 1 Company. The key fact is the settlement agreement between the parties, which led to the
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The appeal was filed against the order dated 16.11.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench in CP No. (IB) 101/9/JPR/2021, which admitted the application filed under Section 9 of the IBC. A joint application I.A. No. 4756 of 2022 was filed by both parties to record the settlement dated 07.12.2022. The parties requested that the appeal be decided in terms of the settlement and that the settlement agreement be taken on record and the impugned order be set aside. They further requested that the deposited amount be released in favor of the Respondent No. 1 Company.
Sukhdev Gehlot, Ex Director of Velnik India Pvt. Ltd., filed an appeal against the order dated 16.11.2022 passed by the Adjudicating Authority (National Company Law Tribunal), Jaipur Bench in CP No. (IB) 101/9/JPR/2021, which admitted the application filed under Section 9 of the IBC. M/s. Millennium Babycares Pvt. Ltd. & Anr. are the respondents. Both parties filed a joint application I.A. No. 4756 of 2022 to record the settlement dated 07.12.2022. The appellant requested the appeal to be decided in terms of the settlement, the settlement agreement to be taken on record, the impugned order to be set aside, and the deposited amount to be released in favor of the Respondent No. 1 Company. The key fact is the settlement agreement between the parties, which led to the
…The Adjudicating Authority (National Company…
The parties entered…