IA 1482/2020 was filed by the IRP, Mr. Ashok Kumar, to bring on record the compromise between the Operational Creditor and the Corporate Debtor. Publication was effected, but no claims were received, and a settlement was reached shortly after.
IA 1482/2020 was filed by the IRP, Mr. Ashok Kumar, to record a compromise between the Operational Creditor and the Corporate Debtor. Despite publication, no claims were received, and a settlement was quickly reached. The settlement deed was placed on record, and the application adhered to the Code and regulation 12A. The court found no legal impediment to terminating the CIR process under Section 12(A) of the Code. The Corporate Debtor is Gayatri Steels V/s. M/s. Advance Power Controls Ltd.
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Hearing before the New…
IA 1482/2020 filed by the IRP, Mr. Ashok…
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IA 1482/2020 was filed by the IRP, Mr. Ashok Kumar, to bring on record the compromise between the Operational Creditor and the Corporate Debtor. Publication was effected, but no claims were received, and a settlement was reached shortly after.
IA 1482/2020 was filed by the IRP, Mr. Ashok Kumar, to record a compromise between the Operational Creditor and the Corporate Debtor. Despite publication, no claims were received, and a settlement was quickly reached. The settlement deed was placed on record, and the application adhered to the Code and regulation 12A. The court found no legal impediment to terminating the CIR process under Section 12(A) of the Code. The Corporate Debtor is Gayatri Steels V/s. M/s. Advance Power Controls Ltd.
Hearing before the New…
IA 1482/2020 filed by the IRP, Mr. Ashok…
Sign in to view related legal provisions.