The case involves an application (IA-1841/ND/2020) filed by the IRP seeking direction against the Operational Debtor to pay Rs. 2 lakhs as per the Bench's order dated 03.02.2020. The amount was not deposited. The parties had intimated the IRP on 04.02.2020 that the matter was settled. The IRP filed application 4015 of 2020 seeking early hearing of IA-1269/ND/2020, claiming fees and expenses of Rs. 1,83,000. The CIRP initiation order was passed on 14.01.2020. The IRP had worked for about a month and incurred expenses. Another application (IA 1272 of 2020) was filed for withdrawal of the insolvency application IB-1583/ND/2018 by the Operational Creditor under Section 12(a) since the CoC was not constituted. A Memo of Understanding executed on 27.01.2020 was annexed.
Rahul Mittal filed an application against BR Kohli BuildtechPvt. Ltd. under Section 9 of the IBC. The IRP sought direction against the Operational Debtor to pay Rs. 2 lakhs as per the order dated 03.02.2020, which was not deposited. The parties intimated the IRP on 04.02.2020 about a settlement. The IRP filed an application seeking early hearing and claiming Rs. 1,83,000 for fees and expenses. The CIRP initiation order was passed on 14.01.2020. The Operational Creditor filed an application for withdrawal of the insolvency application under Section 12(a) as the CoC was not constituted. A Memo of Understanding was executed between the parties on 27.01.2020. The IRP had worked and incurred expenses for about a month. The court determined that Rs. 1 lakh should be paid to
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The case involves an application (IA-1841/ND/2020) filed by the IRP seeking direction against the Operational Debtor to pay Rs. 2 lakhs as per the Bench's order dated 03.02.2020. The amount was not deposited. The parties had intimated the IRP on 04.02.2020 that the matter was settled. The IRP filed application 4015 of 2020 seeking early hearing of IA-1269/ND/2020, claiming fees and expenses of Rs. 1,83,000. The CIRP initiation order was passed on 14.01.2020. The IRP had worked for about a month and incurred expenses. Another application (IA 1272 of 2020) was filed for withdrawal of the insolvency application IB-1583/ND/2018 by the Operational Creditor under Section 12(a) since the CoC was not constituted. A Memo of Understanding executed on 27.01.2020 was annexed.
Rahul Mittal filed an application against BR Kohli BuildtechPvt. Ltd. under Section 9 of the IBC. The IRP sought direction against the Operational Debtor to pay Rs. 2 lakhs as per the order dated 03.02.2020, which was not deposited. The parties intimated the IRP on 04.02.2020 about a settlement. The IRP filed an application seeking early hearing and claiming Rs. 1,83,000 for fees and expenses. The CIRP initiation order was passed on 14.01.2020. The Operational Creditor filed an application for withdrawal of the insolvency application under Section 12(a) as the CoC was not constituted. A Memo of Understanding was executed between the parties on 27.01.2020. The IRP had worked and incurred expenses for about a month. The court determined that Rs. 1 lakh should be paid to
…Order of initi…
Memo of Understanding…
Sign in to view related legal provisions.