The case involves PM Cold Storage Pvt. Ltd. versus Gradient Business Consulting Pvt. Ltd. The Financial Creditor and the applicant, one of the Directors of the suspended Board of Directors of the Corporate Debtor, appeared before the National Company Law Tribunal (NCLT), Kolkata Bench. The Resolution Professional did not appear.
The case involves PM Cold Storage Pvt. Ltd. versus Gradient Business Consulting Pvt. Ltd. The Financial Creditor and a director from the Corporate Debtor's suspended board appeared. The Resolution Professional was absent. The Financial Creditor's counsel stated that the Resolution Professional's fees were paid. Both counsels submitted that the matter had been settled outside the Tribunal, and the Financial Creditor sought permission to withdraw the case. This settlement is a key fact influencing the court's decision to dispose of the case, allowing the Financial Creditor to revive the petition if the settlement fails.
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The case involves PM Cold Storage Pvt. Ltd. versus Gradient Business Consulting Pvt. Ltd. The Financial Creditor and the applicant, one of the Directors of the suspended Board of Directors of the Corporate Debtor, appeared before the National Company Law Tribunal (NCLT), Kolkata Bench. The Resolution Professional did not appear.
The case involves PM Cold Storage Pvt. Ltd. versus Gradient Business Consulting Pvt. Ltd. The Financial Creditor and a director from the Corporate Debtor's suspended board appeared. The Resolution Professional was absent. The Financial Creditor's counsel stated that the Resolution Professional's fees were paid. Both counsels submitted that the matter had been settled outside the Tribunal, and the Financial Creditor sought permission to withdraw the case. This settlement is a key fact influencing the court's decision to dispose of the case, allowing the Financial Creditor to revive the petition if the settlement fails.
Hearing held on…
Counsel submitted that…
Sign in to view related legal provisions.