The case CP(IB)-2944(MB)/2019 was filed by the Petitioner/Operational Creditor, Jai Mata Di Trading Co., against the Respondent/Corporate Debtor, D G Land Developers Pvt. Ltd., for initiation of Corporate Insolvency Resolution Process. The matter was heard several times from 2019-08-29 to 2021-03-09. An order dated 2020-02-21 indicated a full and final settlement of outstanding dues between the parties, with a cheque dated 2020-02-20 handed over to the Counsel for the Operational Creditor. The matter was listed on 2020-02-26 for reporting final settlement, but the Respondent was not present. The matter was then posted on 2020-03-16. The Counsel for the Petitioner was present on 2021-01-25 and submitted that certain amounts were outstanding.
Jai Mata Di Trading Co., the Operational Creditor, filed a case (CP(IB)-2944(MB)/2019) against D G Land Developers Pvt. Ltd., the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process. Hearings took place over a period from August 29, 2019, to March 9, 2021. An initial settlement was reached between the parties as of February 21, 2020, with a cheque dated February 20, 2020, handed over to the Operational Creditor's counsel. The matter was listed for reporting the final settlement on February 26, 2020, but the Respondent was absent. The Petitioner's counsel appeared on January 25, 2021, claiming outstanding amounts. The Corporate Debtor had paid Rs. 7.0 lakh and sought time to verify the same. On March 9, 2021, nobody was present from either
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The case CP(IB)-2944(MB)/2019 was filed by the Petitioner/Operational Creditor, Jai Mata Di Trading Co., against the Respondent/Corporate Debtor, D G Land Developers Pvt. Ltd., for initiation of Corporate Insolvency Resolution Process. The matter was heard several times from 2019-08-29 to 2021-03-09. An order dated 2020-02-21 indicated a full and final settlement of outstanding dues between the parties, with a cheque dated 2020-02-20 handed over to the Counsel for the Operational Creditor. The matter was listed on 2020-02-26 for reporting final settlement, but the Respondent was not present. The matter was then posted on 2020-03-16. The Counsel for the Petitioner was present on 2021-01-25 and submitted that certain amounts were outstanding.
Jai Mata Di Trading Co., the Operational Creditor, filed a case (CP(IB)-2944(MB)/2019) against D G Land Developers Pvt. Ltd., the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process. Hearings took place over a period from August 29, 2019, to March 9, 2021. An initial settlement was reached between the parties as of February 21, 2020, with a cheque dated February 20, 2020, handed over to the Operational Creditor's counsel. The matter was listed for reporting the final settlement on February 26, 2020, but the Respondent was absent. The Petitioner's counsel appeared on January 25, 2021, claiming outstanding amounts. The Corporate Debtor had paid Rs. 7.0 lakh and sought time to verify the same. On March 9, 2021, nobody was present from either
…The matter cam…
A cheque was handed over to the Counsel for…
Sign in to view related legal provisions.