CA 363/2019 was filed on behalf of the Ex-Directors, bringing on record a settlement between them and the Operational Creditor. The parties requested the termination of the Corporate Insolvency Resolution (CIR) process. The Operational Creditor supported the application, stating that their claim had been settled in full.
CA 363/2019 was filed by the Ex-Directors of Eonn Plast Pvt. Ltd. seeking termination of the CIR process based on a settlement with the Operational Creditor. The Operational Creditor confirmed the settlement. The IRP stated no other claims were received and no COC was formed. The court considered the settlement and the Swiss Ribbons case. The ex-Directors had operated the Bank Account for effecting the settlement with the Operational Creditor. The IRP wished to bring on record certain violations by the ex-Directors while the Moratorium was in force.
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CA 363/2019 filed on…
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CA 363/2019 was filed on behalf of the Ex-Directors, bringing on record a settlement between them and the Operational Creditor. The parties requested the termination of the Corporate Insolvency Resolution (CIR) process. The Operational Creditor supported the application, stating that their claim had been settled in full.
CA 363/2019 was filed by the Ex-Directors of Eonn Plast Pvt. Ltd. seeking termination of the CIR process based on a settlement with the Operational Creditor. The Operational Creditor confirmed the settlement. The IRP stated no other claims were received and no COC was formed. The court considered the settlement and the Swiss Ribbons case. The ex-Directors had operated the Bank Account for effecting the settlement with the Operational Creditor. The IRP wished to bring on record certain violations by the ex-Directors while the Moratorium was in force.
Hearing before the New…
CA 363/2019 filed on…
Sign in to view related legal provisions.