The case involves an appeal against an order dated 2024-01-24, where a Section 9 application filed by the Operational Creditor was admitted. The parties have since reached a settlement agreement.
An appeal was filed against an order dated 2024-01-24, which admitted a Section 9 application filed by the Operational Creditor. Subsequently, the parties entered into a settlement agreement dated 2024-02-02. The Operational Creditor's counsel confirmed the settlement. The court, finding no reason to continue the CIRP process due to the settlement, set aside the order dated 2024-01-24. The appellant was directed to pay Rs. 1 Lakh to the IRP, along with expenses, within two weeks.
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Order passed admitting…
Settlement agreement…
The case involves an appeal against an order dated 2024-01-24, where a Section 9 application filed by the Operational Creditor was admitted. The parties have since reached a settlement agreement.
An appeal was filed against an order dated 2024-01-24, which admitted a Section 9 application filed by the Operational Creditor. Subsequently, the parties entered into a settlement agreement dated 2024-02-02. The Operational Creditor's counsel confirmed the settlement. The court, finding no reason to continue the CIRP process due to the settlement, set aside the order dated 2024-01-24. The appellant was directed to pay Rs. 1 Lakh to the IRP, along with expenses, within two weeks.
Order passed admitting…
Settlement agreement…