The case involves M/s. Unity Aurum Construction Pvt. Ltd. as the operational creditor and M/s. Earthcon Universal Infratech Pvt. Ltd. as the corporate debtor. The matter was brought before the National Company Law Tribunal (NCLT) under Section 9 of the IBC code 2016.
M/s. Unity Aurum Construction Pvt. Ltd. (Operational Creditor) filed a petition against M/s. Earthcon Universal Infratech Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC code 2016. During the proceedings, both parties presented a Memorandum of Understanding (MoU) dated 2019-12-17, outlining the terms and conditions of a settlement. The court took the MoU into consideration. The relevance of the MoU is that it represents a settlement agreement between the parties, potentially resolving the dispute that led to the initial petition.
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A Memorandum of Understanding (MoU) was dated,…
The court disposed of the petition in light of…
The case involves M/s. Unity Aurum Construction Pvt. Ltd. as the operational creditor and M/s. Earthcon Universal Infratech Pvt. Ltd. as the corporate debtor. The matter was brought before the National Company Law Tribunal (NCLT) under Section 9 of the IBC code 2016.
M/s. Unity Aurum Construction Pvt. Ltd. (Operational Creditor) filed a petition against M/s. Earthcon Universal Infratech Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC code 2016. During the proceedings, both parties presented a Memorandum of Understanding (MoU) dated 2019-12-17, outlining the terms and conditions of a settlement. The court took the MoU into consideration. The relevance of the MoU is that it represents a settlement agreement between the parties, potentially resolving the dispute that led to the initial petition.
A Memorandum of Understanding (MoU) was dated,…
The court disposed of the petition in light of…