M/s. Intralinks, Inc. filed C.P.(IB)No.279/BB/2019 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bhoruka Power Corporation Limited, alleging default on an operational debt. The case was listed on multiple dates, and subsequently, the parties arrived at a settlement.
M/s. Intralinks, Inc. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Bhoruka Power Corporation Limited (Corporate Debtor) due to a default of operational debt amounting to USD 55,248.48 (Rs.38,23,940). The case was listed on various dates between July 2019 and February 2021. Subsequently, the parties arrived at a settlement, executing a Compromise Agreement dated 03.02.2021. As part of the settlement, the Operational Creditor received a payment of USD 16,000. A Joint Memo for withdrawal was filed on 11.03.2021.
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M/s. Intralinks, Inc. filed…
The case was l…
M/s. Intralinks, Inc. filed C.P.(IB)No.279/BB/2019 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Bhoruka Power Corporation Limited, alleging default on an operational debt. The case was listed on multiple dates, and subsequently, the parties arrived at a settlement.
M/s. Intralinks, Inc. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Bhoruka Power Corporation Limited (Corporate Debtor) due to a default of operational debt amounting to USD 55,248.48 (Rs.38,23,940). The case was listed on various dates between July 2019 and February 2021. Subsequently, the parties arrived at a settlement, executing a Compromise Agreement dated 03.02.2021. As part of the settlement, the Operational Creditor received a payment of USD 16,000. A Joint Memo for withdrawal was filed on 11.03.2021.
M/s. Intralinks, Inc. filed…
The case was l…