The case involves an application (CA 574/2018) filed by the Corporate Debtor seeking the recall of an ex-parte order dated 2018-09-04. The petition had been admitted without hearing the Corporate Debtor, leading to the application for setting aside the impugned order. Another applicant, M/s. Khokhar Electricals Pvt. Ltd., had approached the Bench for initiation of CIR proceedings.
The Corporate Debtor, Chempharm Industries Pvt. Ltd., filed an application (CA 574/2018) seeking the recall of an ex-parte order dated 2018-09-04. The initial petition against the Corporate Debtor was admitted without providing them a hearing. The Corporate Debtor expressed willingness to pay the entire amount claimed, having already paid Rs. 17,93,3347/- via Demand Draft. Additionally, a cheque of Rs. 5,20,000/-, covering expenses and interest, was accepted by the Operational Creditor's counsel as full and final satisfaction. This amount included Rs. 2,00,000/- paid by the Operational Creditor to the IRP, which the Corporate Debtor reserves the right to recover subject to accounts being furnished. Another applicant, M/s. Khokhar Electricals Pvt. Ltd., had also
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Date of the ex-parte…
CA 574/2018 filed by…
The case involves an application (CA 574/2018) filed by the Corporate Debtor seeking the recall of an ex-parte order dated 2018-09-04. The petition had been admitted without hearing the Corporate Debtor, leading to the application for setting aside the impugned order. Another applicant, M/s. Khokhar Electricals Pvt. Ltd., had approached the Bench for initiation of CIR proceedings.
The Corporate Debtor, Chempharm Industries Pvt. Ltd., filed an application (CA 574/2018) seeking the recall of an ex-parte order dated 2018-09-04. The initial petition against the Corporate Debtor was admitted without providing them a hearing. The Corporate Debtor expressed willingness to pay the entire amount claimed, having already paid Rs. 17,93,3347/- via Demand Draft. Additionally, a cheque of Rs. 5,20,000/-, covering expenses and interest, was accepted by the Operational Creditor's counsel as full and final satisfaction. This amount included Rs. 2,00,000/- paid by the Operational Creditor to the IRP, which the Corporate Debtor reserves the right to recover subject to accounts being furnished. Another applicant, M/s. Khokhar Electricals Pvt. Ltd., had also
…Date of the ex-parte…
CA 574/2018 filed by…