The case involves a petition filed by Mr. Saikat Mukherjee, the Applicant/Operational Creditor, under Section 9 of the IBC, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Deccan Charters Private Limited, the Respondent/Corporate Debtor, due to a default of Rs. 45,25,432/-. The case was listed for admission on multiple dates and adjourned for various reasons, including service of notice and settling the issue.
Mr. Saikat Mukherjee, identified as the Applicant/Operational Creditor, initiated proceedings against Deccan Charters Private Limited, the Respondent/Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The claim was for a default amount of Rs. 45,25,432/- as of 30.08.2019. The case was listed for admission on several dates, including 12.06.2020, 29.06.2020, 15.07.2020, 07.08.2020, and 02.09.2020, and was adjourned to allow for service of notice and settlement discussions. Eventually, both parties reached a settlement, formalized in a Joint Memo of Reporting Settlement dated 08.08.2020. According to the settlement, Deccan Charters Private Limited agreed to pay Mr. Saikat Mukherjee a total of Rs. 8,67,307/- in two installments: Rs.
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The Applicant and…
The NCLT disposed of the Company Petition (IB)…
The case involves a petition filed by Mr. Saikat Mukherjee, the Applicant/Operational Creditor, under Section 9 of the IBC, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Deccan Charters Private Limited, the Respondent/Corporate Debtor, due to a default of Rs. 45,25,432/-. The case was listed for admission on multiple dates and adjourned for various reasons, including service of notice and settling the issue.
Mr. Saikat Mukherjee, identified as the Applicant/Operational Creditor, initiated proceedings against Deccan Charters Private Limited, the Respondent/Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The claim was for a default amount of Rs. 45,25,432/- as of 30.08.2019. The case was listed for admission on several dates, including 12.06.2020, 29.06.2020, 15.07.2020, 07.08.2020, and 02.09.2020, and was adjourned to allow for service of notice and settlement discussions. Eventually, both parties reached a settlement, formalized in a Joint Memo of Reporting Settlement dated 08.08.2020. According to the settlement, Deccan Charters Private Limited agreed to pay Mr. Saikat Mukherjee a total of Rs. 8,67,307/- in two installments: Rs.
…The Applicant and…
The NCLT disposed of the Company Petition (IB)…