The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). A memo of settlement was executed by both the petitioner and the respondent, and filed with the Registry of the Tribunal on 2019-12-23. The petitioner requested permission to withdraw the petition, with the liberty to approach the Tribunal again if the terms of the settlement are not adhered to by the Corporate Debtor.
Prism Johnson Ltd filed a petition against Color Home Developers Pvt Ltd. Both parties executed a memo of settlement. The memo of settlement was filed on 2019-12-23. The petitioner requested to withdraw the petition with the liberty to approach the Tribunal again if the terms of the settlement are not adhered to by the Corporate Debtor. The settlement involves a balance payment.
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The joint memo of…
The Tribunal passed an…
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The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). A memo of settlement was executed by both the petitioner and the respondent, and filed with the Registry of the Tribunal on 2019-12-23. The petitioner requested permission to withdraw the petition, with the liberty to approach the Tribunal again if the terms of the settlement are not adhered to by the Corporate Debtor.
Prism Johnson Ltd filed a petition against Color Home Developers Pvt Ltd. Both parties executed a memo of settlement. The memo of settlement was filed on 2019-12-23. The petitioner requested to withdraw the petition with the liberty to approach the Tribunal again if the terms of the settlement are not adhered to by the Corporate Debtor. The settlement involves a balance payment.
The joint memo of…
The Tribunal passed an…
Sign in to view related legal provisions.