The application MA/232/2019 arises from CP/472/(IB)/2017. R. Venkatakrishnan is the petitioner, and BKR Hotels and Resorts Pvt Ltd is the respondent. The Corporate Debtor, represented by its counsel, has expressed willingness to settle the debt. The Resolution Professional is also present. The Corporate Debtor's counsel requested time to file a report before the Resolution Professional. The court considered the submissions and issued directions for the Corporate Debtor to make a representation to the Resolution Professional and for the Resolution Professional to convene a meeting of the Committee of Creditors (CoC) to consider the settlement proposal. The outcome of the CoC meeting is to be reported on the next date of hearing.

The application MA/232/2019 arises from CP/472/(IB)/2017. R. Venkatakrishnan is the petitioner, and BKR Hotels and Resorts Pvt Ltd is the respondent. The Corporate Debtor, represented by its counsel, has expressed willingness to settle the debt. The Resolution Professional is also present. The Corporate Debtor's counsel requested time to file a report before the Resolution Professional. The court considered the submissions and issued directions for the Corporate Debtor to make a representation to the Resolution Professional and for the Resolution Professional to convene a meeting of the Committee of Creditors (CoC) to consider the settlement proposal. The outcome of the CoC meeting is to be reported on the next date of hearing.