The case pertains to C.P.(IB)-466(MB)/2020 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor's counsel was present, while there was no representation on behalf of the Corporate Debtor.
Mahaakaal Traders filed a case against Globus Stores Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Mahaakaal Traders, was represented by its counsel. The Corporate Debtor, Globus Stores Pvt. Ltd., had no representation. The Operational Creditor's counsel submitted that a full and final settlement of the amount claimed had been received. The court, considering this submission and the endorsement on the petition, dismissed the case as withdrawn. This indicates that the parties reached an agreement outside of the court proceedings, leading to the settlement of the debt.
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C.P.(IB)-466(M…
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The case pertains to C.P.(IB)-466(MB)/2020 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor's counsel was present, while there was no representation on behalf of the Corporate Debtor.
Mahaakaal Traders filed a case against Globus Stores Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Mahaakaal Traders, was represented by its counsel. The Corporate Debtor, Globus Stores Pvt. Ltd., had no representation. The Operational Creditor's counsel submitted that a full and final settlement of the amount claimed had been received. The court, considering this submission and the endorsement on the petition, dismissed the case as withdrawn. This indicates that the parties reached an agreement outside of the court proceedings, leading to the settlement of the debt.
Order sheet…
C.P.(IB)-466(M…
Sign in to view related legal provisions.