The case involves M/s Ankit Enterprises as the applicant/petitioner and M/s Green Plus Construction Pvt. Ltd. as the respondent. The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The court directed the counsel for the Operational Creditor to expedite the settlement process. The parties arrived at a memorandum of understanding dated 2019-12-11.
M/s Ankit Enterprises filed a petition under Section 9 of the IBC, 2016 against M/s Green Plus Construction Pvt. Ltd. The court directed the Operational Creditor to expedite the settlement process. The parties reached a memorandum of understanding on 2019-12-11, agreeing that M/s Green Plus Construction Pvt. Ltd. would pay Rs. 8,80,000/- to M/s Ankit Enterprises according to a payment schedule. The court disposed of the petition as withdrawn, with the provision that M/s Ankit Enterprises could revive the petition if M/s Green Plus Construction Pvt. Ltd. defaulted on the payment.
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The Bench directed the counsel for the…
The parties arrived at…
The case involves M/s Ankit Enterprises as the applicant/petitioner and M/s Green Plus Construction Pvt. Ltd. as the respondent. The matter pertains to Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The court directed the counsel for the Operational Creditor to expedite the settlement process. The parties arrived at a memorandum of understanding dated 2019-12-11.
M/s Ankit Enterprises filed a petition under Section 9 of the IBC, 2016 against M/s Green Plus Construction Pvt. Ltd. The court directed the Operational Creditor to expedite the settlement process. The parties reached a memorandum of understanding on 2019-12-11, agreeing that M/s Green Plus Construction Pvt. Ltd. would pay Rs. 8,80,000/- to M/s Ankit Enterprises according to a payment schedule. The court disposed of the petition as withdrawn, with the provision that M/s Ankit Enterprises could revive the petition if M/s Green Plus Construction Pvt. Ltd. defaulted on the payment.
The Bench directed the counsel for the…
The parties arrived at…