The case involves an application under the Insolvency and Bankruptcy Code (IBC). Counsel for both the operational creditor and the corporate debtor were present and filed a Joint Memorandum of Compromise, which was duly signed by both parties. The schedule of payment is contained in para 3, and other terms and conditions are contained in para 4 of the Joint Memorandum of Compromise.
Rockwell Industries Ltd filed an application under the IBC against Gevika Agro Food Pvt Ltd. Both parties, represented by their respective counsel, filed a Joint Memorandum of Compromise. The compromise agreement included a schedule of payment and other terms and conditions. The court disposed of the application based on this compromise, granting the operational creditor the right to revive the application if the corporate debtor defaults.
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The case involves an application under the Insolvency and Bankruptcy Code (IBC). Counsel for both the operational creditor and the corporate debtor were present and filed a Joint Memorandum of Compromise, which was duly signed by both parties. The schedule of payment is contained in para 3, and other terms and conditions are contained in para 4 of the Joint Memorandum of Compromise.
Rockwell Industries Ltd filed an application under the IBC against Gevika Agro Food Pvt Ltd. Both parties, represented by their respective counsel, filed a Joint Memorandum of Compromise. The compromise agreement included a schedule of payment and other terms and conditions. The court disposed of the application based on this compromise, granting the operational creditor the right to revive the application if the corporate debtor defaults.
Hearing held a…
Counsel for both sides…
Sign in to view related legal provisions.