The Operational Creditor filed a petition under Section 9 of the I&B Code for an operational debt of ₹ 1.51 Crores. Before the admission of the petition, the Operational Creditor and the Corporate Debtor settled the dispute via a Memorandum of Settlement dated 27.03.2019. The Operational Creditor received ₹ 1,07,60,037.60 from the Corporate Debtor as part of the settlement.
The Operational Creditor, Ador Welding Ltd., filed a petition against the Corporate Debtor, Henkel Adhesives Technologies India Pvt. Ltd., under Section 9 of the I&B Code for an operational debt of ₹ 1.51 Crores. Prior to the admission of the petition, the parties reached a settlement agreement dated 27.03.2019, where the Corporate Debtor paid ₹ 1,07,60,037.60 to the Operational Creditor. The payments were made on 05.03.2019 (₹ 44910.90), 06.03.2019 (₹ 1413089.10), and 29.03.2019 (₹ 9302037.60). Consequently, the Operational Creditor requested the court to withdraw the petition.
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The Operational Creditor filed a petition…
The Operational…
The Operational Creditor filed a petition under Section 9 of the I&B Code for an operational debt of ₹ 1.51 Crores. Before the admission of the petition, the Operational Creditor and the Corporate Debtor settled the dispute via a Memorandum of Settlement dated 27.03.2019. The Operational Creditor received ₹ 1,07,60,037.60 from the Corporate Debtor as part of the settlement.
The Operational Creditor, Ador Welding Ltd., filed a petition against the Corporate Debtor, Henkel Adhesives Technologies India Pvt. Ltd., under Section 9 of the I&B Code for an operational debt of ₹ 1.51 Crores. Prior to the admission of the petition, the parties reached a settlement agreement dated 27.03.2019, where the Corporate Debtor paid ₹ 1,07,60,037.60 to the Operational Creditor. The payments were made on 05.03.2019 (₹ 44910.90), 06.03.2019 (₹ 1413089.10), and 29.03.2019 (₹ 9302037.60). Consequently, the Operational Creditor requested the court to withdraw the petition.
The Operational Creditor filed a petition…
The Operational…