The case involves Shaw Traders versus Balaji Paper and Newsprint Pvt. Ltd. The Operational Creditor, Shaw Traders, initiated a Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Balaji Paper and Newsprint Pvt. Ltd. under Section 9 of the IBC. Notice was served to the Operational Creditor, but nobody appeared on their behalf.
Shaw Traders (Operational Creditor) filed a Corporate Insolvency Petition against Balaji Paper and Newsprint Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC. The hearing was held on November 26, 2018. Notice was served to the Operational Creditor, but no one appeared on their behalf. The Corporate Debtor's counsel stated that the matter had been settled between the parties and the Operational Creditor was not inclined to proceed. A copy of the settlement agreement was presented to the court. The Operational Creditor did not appear despite being issued a notice.
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Hearing held on…
Corporate Debtor's…
The case involves Shaw Traders versus Balaji Paper and Newsprint Pvt. Ltd. The Operational Creditor, Shaw Traders, initiated a Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Balaji Paper and Newsprint Pvt. Ltd. under Section 9 of the IBC. Notice was served to the Operational Creditor, but nobody appeared on their behalf.
Shaw Traders (Operational Creditor) filed a Corporate Insolvency Petition against Balaji Paper and Newsprint Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC. The hearing was held on November 26, 2018. Notice was served to the Operational Creditor, but no one appeared on their behalf. The Corporate Debtor's counsel stated that the matter had been settled between the parties and the Operational Creditor was not inclined to proceed. A copy of the settlement agreement was presented to the court. The Operational Creditor did not appear despite being issued a notice.
Hearing held on…
Corporate Debtor's…