M/s. Starlog Enterprises Limited, the Operational Creditor, filed C.P.(IB)No.402/BB/2019 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Hajee A.P. Bava & Co. Constructions Private Limited, the Corporate Debtor, due to a default of Rs. 21,53,879/-. The case was listed for admission on multiple dates and adjourned at the parties' requests, with attempts made to settle the issue.
M/s. Starlog Enterprises Limited (Operational Creditor) filed C.P.(IB)No.402/BB/2019 under Section 9 of the IBC, 2016, against M/s. Hajee A.P. Bava & Co. Constructions Private Limited (Corporate Debtor) due to a default of Rs. 21,53,879/-. The case was listed for admission on various dates between 09.12.2019 and 14.02.2020. During this period, the parties explored settlement possibilities. A Settlement Agreement was executed on 29.01.2020, outlining a payment schedule with six installments payable between February 13, 2020, and June 30, 2020. The Petitioner sought to withdraw the petition based on this settlement, and the Respondent affirmed the settlement's binding nature. The relevance of the facts is that the settlement agreement was the basis for the withdrawal
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M/s. Starlog Enterprises Limited, the Operational Creditor, filed C.P.(IB)No.402/BB/2019 under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Hajee A.P. Bava & Co. Constructions Private Limited, the Corporate Debtor, due to a default of Rs. 21,53,879/-. The case was listed for admission on multiple dates and adjourned at the parties' requests, with attempts made to settle the issue.
M/s. Starlog Enterprises Limited (Operational Creditor) filed C.P.(IB)No.402/BB/2019 under Section 9 of the IBC, 2016, against M/s. Hajee A.P. Bava & Co. Constructions Private Limited (Corporate Debtor) due to a default of Rs. 21,53,879/-. The case was listed for admission on various dates between 09.12.2019 and 14.02.2020. During this period, the parties explored settlement possibilities. A Settlement Agreement was executed on 29.01.2020, outlining a payment schedule with six installments payable between February 13, 2020, and June 30, 2020. The Petitioner sought to withdraw the petition based on this settlement, and the Respondent affirmed the settlement's binding nature. The relevance of the facts is that the settlement agreement was the basis for the withdrawal
…The case was i…
The case was li…