The application number is MA/232/2019, and the petition number is CP/472/(IB)/2017. R. Venkatakrishnan is the petitioner, and BKR Hotels and Resorts Pvt Ltd is the respondent. The application is filed under Section 33 of the Insolvency and Bankruptcy Code (IBC). The Counsel for the Corporate Debtor has submitted that the Corporate Debtor is willing to settle the debt and has requested time to file a report before the RP. The tribunal directed the Corporate Debtor to make a representation before the RP within two working days, and the RP is to convene a meeting of the CoC within a week to consider the settlement proposal. The RP is to report the outcome on the next hearing date, which is scheduled for 01.05.2019.

The application number is MA/232/2019, and the petition number is CP/472/(IB)/2017. R. Venkatakrishnan is the petitioner, and BKR Hotels and Resorts Pvt Ltd is the respondent. The application is filed under Section 33 of the Insolvency and Bankruptcy Code (IBC). The Counsel for the Corporate Debtor has submitted that the Corporate Debtor is willing to settle the debt and has requested time to file a report before the RP. The tribunal directed the Corporate Debtor to make a representation before the RP within two working days, and the RP is to convene a meeting of the CoC within a week to consider the settlement proposal. The RP is to report the outcome on the next hearing date, which is scheduled for 01.05.2019.