The case involves an application under the Insolvency and Bankruptcy Code (IBC). The Financial Creditor had filed an application, CP(IB)/737(KB)/2020, against the Corporate Debtor. The matter was listed for hearing on April 7, 2021. During the hearing, the Counsel for the Financial Creditor submitted that the matter has been settled in terms of a Settlement Agreement dated April 6, 2021.
The Financial Creditor, represented by Mr. Shaunak Mitra and Mr. Sayantak Das, Advocates, filed an application CP(IB)/737(KB)/2020 against the Corporate Debtor, Babcock Borsig Ltd., represented by Mr. Rishav Banerjee, Mr. Ritoban Sarkar, and Miss Madhuja Burman, Advocates. During the hearing on April 7, 2021, the Financial Creditor's counsel submitted that the matter had been settled via a Settlement Agreement dated April 6, 2021. This settlement led to the Financial Creditor seeking to withdraw the application. The court considered this submission and the settlement agreement.
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The Financial Creditor…
The matter was heard by the NCLT Kolkata…
The case involves an application under the Insolvency and Bankruptcy Code (IBC). The Financial Creditor had filed an application, CP(IB)/737(KB)/2020, against the Corporate Debtor. The matter was listed for hearing on April 7, 2021. During the hearing, the Counsel for the Financial Creditor submitted that the matter has been settled in terms of a Settlement Agreement dated April 6, 2021.
The Financial Creditor, represented by Mr. Shaunak Mitra and Mr. Sayantak Das, Advocates, filed an application CP(IB)/737(KB)/2020 against the Corporate Debtor, Babcock Borsig Ltd., represented by Mr. Rishav Banerjee, Mr. Ritoban Sarkar, and Miss Madhuja Burman, Advocates. During the hearing on April 7, 2021, the Financial Creditor's counsel submitted that the matter had been settled via a Settlement Agreement dated April 6, 2021. This settlement led to the Financial Creditor seeking to withdraw the application. The court considered this submission and the settlement agreement.
The Financial Creditor…
The matter was heard by the NCLT Kolkata…