This is an appeal against an order dated 18.07.2022 passed by the National Company Law Tribunal, Kolkata in CP(IB) No. 4014/KB/2021, which admitted the application filed by the Operational Creditor. An Interlocutory Application no. 2491 of 2022 was filed by both the parties, i.e., Suspended Directors of the Corporate Debtor and the Operational Creditor, where the parties brought on record the settlement entered between them and prayed that the Application under Section 9 of IBC be allowed to be withdrawn.
Yasmin Begam, Ex-Director of Phonex Logistics Pvt. Ltd., filed an appeal against Square Four Housing & Infrastructure Development Pvt. Ltd. The appeal was filed against an order dated 18.07.2022 passed by the National Company Law Tribunal, Kolkata, which admitted the application filed by the Operational Creditor. Both parties, including the Suspended Directors of the Corporate Debtor and the Operational Creditor, filed an Interlocutory Application No. 2491/22, seeking to withdraw the application under Section 9 of the IBC based on a settlement reached between them. The court allowed the withdrawal, taking the Deed of Settlement on record and disposing of the appeal.
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National Company Law Tribunal, Kolkata,…
NCLAT allows the withdrawal of the…
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This is an appeal against an order dated 18.07.2022 passed by the National Company Law Tribunal, Kolkata in CP(IB) No. 4014/KB/2021, which admitted the application filed by the Operational Creditor. An Interlocutory Application no. 2491 of 2022 was filed by both the parties, i.e., Suspended Directors of the Corporate Debtor and the Operational Creditor, where the parties brought on record the settlement entered between them and prayed that the Application under Section 9 of IBC be allowed to be withdrawn.
Yasmin Begam, Ex-Director of Phonex Logistics Pvt. Ltd., filed an appeal against Square Four Housing & Infrastructure Development Pvt. Ltd. The appeal was filed against an order dated 18.07.2022 passed by the National Company Law Tribunal, Kolkata, which admitted the application filed by the Operational Creditor. Both parties, including the Suspended Directors of the Corporate Debtor and the Operational Creditor, filed an Interlocutory Application No. 2491/22, seeking to withdraw the application under Section 9 of the IBC based on a settlement reached between them. The court allowed the withdrawal, taking the Deed of Settlement on record and disposing of the appeal.
National Company Law Tribunal, Kolkata,…
NCLAT allows the withdrawal of the…
Sign in to view related legal provisions.