The case involves a settlement application filed by the Operational Creditor under Section 12A of the Insolvency and Bankruptcy Code (IBC) to record the settlement of a dispute between the Operational Creditor and the Corporate Debtor. The Corporate Debtor is seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP).
Super Smelters Ltd. is in a dispute with Electro Poles Products Pvt. Ltd. An application, CA(IB) No. 105/KB/2020, was filed under Section 12A of the IBC by the Operational Creditor (Electro Poles Products Pvt. Ltd.) to record the settlement of the dispute. The Corporate Debtor (Super Smelters Ltd.) sought withdrawal of the Corporate Insolvency Resolution Process (CIRP). The CoC had not been constituted, and a settlement agreement was entered into as per Rule 11 of the NCLT Rules, 2016. The IRP reported that no claims were received pursuant to the publication of notice in newspapers. The Operational Creditor's fees and costs have been paid by the Corporate Debtor.
Sign in to view the parties.
Hearing held on…
CA(IB) No. 105/KB/2020 filed under Section 12A…
The case involves a settlement application filed by the Operational Creditor under Section 12A of the Insolvency and Bankruptcy Code (IBC) to record the settlement of a dispute between the Operational Creditor and the Corporate Debtor. The Corporate Debtor is seeking withdrawal of the Corporate Insolvency Resolution Process (CIRP).
Super Smelters Ltd. is in a dispute with Electro Poles Products Pvt. Ltd. An application, CA(IB) No. 105/KB/2020, was filed under Section 12A of the IBC by the Operational Creditor (Electro Poles Products Pvt. Ltd.) to record the settlement of the dispute. The Corporate Debtor (Super Smelters Ltd.) sought withdrawal of the Corporate Insolvency Resolution Process (CIRP). The CoC had not been constituted, and a settlement agreement was entered into as per Rule 11 of the NCLT Rules, 2016. The IRP reported that no claims were received pursuant to the publication of notice in newspapers. The Operational Creditor's fees and costs have been paid by the Corporate Debtor.
Hearing held on…
CA(IB) No. 105/KB/2020 filed under Section 12A…