The case originated from an application filed by Agson Global Private Limited (Corporate Debtor) under Rule 11 of the NCLT Rules, 2016. The Corporate Debtor sought to place on record a Settlement Agreement reached with Prodalim B.V. (Operational Creditor) and consequently requested the dismissal of the main petition, CP IB – 535 (ND) 2022, which was an application filed by the Operational Creditor under Section 9 of the IBC, 2016. The main petition concerned an alleged default by the Corporate Debtor in making payments for D-Limonene supplied by the Operational Creditor.
Prodalim B.V., the Operational Creditor, is a company based in the Netherlands and part of the Prodalim Group, a global player in the beverage and seasoning industries. Agson Global Private Limited, the Corporate Debtor, is based in New Delhi and manufactures chemical derivatives of menthol and other allied chemicals. The Corporate Debtor placed an order with the Operational Creditor for D-Limonene, a product extracted from citrus fruits, for its business requirements.
The Corporate Debtor entered into a sales…
The principal sum in default was…
The case originated from an application filed by Agson Global Private Limited (Corporate Debtor) under Rule 11 of the NCLT Rules, 2016. The Corporate Debtor sought to place on record a Settlement Agreement reached with Prodalim B.V. (Operational Creditor) and consequently requested the dismissal of the main petition, CP IB – 535 (ND) 2022, which was an application filed by the Operational Creditor under Section 9 of the IBC, 2016. The main petition concerned an alleged default by the Corporate Debtor in making payments for D-Limonene supplied by the Operational Creditor.
Prodalim B.V., the Operational Creditor, is a company based in the Netherlands and part of the Prodalim Group, a global player in the beverage and seasoning industries. Agson Global Private Limited, the Corporate Debtor, is based in New Delhi and manufactures chemical derivatives of menthol and other allied chemicals. The Corporate Debtor placed an order with the Operational Creditor for D-Limonene, a product extracted from citrus fruits, for its business requirements.
The Corporate Debtor entered into a sales…
The principal sum in default was…