The case involves an application under the Insolvency and Bankruptcy Code (IBC). The counsel for the Corporate Debtor presented a Demand Draft for Rs.75,00,000/- towards full and final settlement of the claim of the Operational Creditor. The Operational Creditor filed a Memo for Withdrawal, duly signed by its counsel.
M.M. Impex filed a petition against Hindustan Heavy Electricals Pvt Ltd under Section 9 Rule 6 of the IBC. The Corporate Debtor, Hindustan Heavy Electricals Pvt Ltd, presented a Demand Draft for Rs.75,00,000/- towards full and final settlement of the claim of the Operational Creditor, M.M. Impex. The Operational Creditor filed a Memo for Withdrawal, duly signed by its counsel. Both sides' counsels were present during the hearing. The court took the memo on record.
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The case involves an application under the Insolvency and Bankruptcy Code (IBC). The counsel for the Corporate Debtor presented a Demand Draft for Rs.75,00,000/- towards full and final settlement of the claim of the Operational Creditor. The Operational Creditor filed a Memo for Withdrawal, duly signed by its counsel.
M.M. Impex filed a petition against Hindustan Heavy Electricals Pvt Ltd under Section 9 Rule 6 of the IBC. The Corporate Debtor, Hindustan Heavy Electricals Pvt Ltd, presented a Demand Draft for Rs.75,00,000/- towards full and final settlement of the claim of the Operational Creditor, M.M. Impex. The Operational Creditor filed a Memo for Withdrawal, duly signed by its counsel. Both sides' counsels were present during the hearing. The court took the memo on record.
Hearing held a…
The counsel for the Corporate Debtor brought a…
Sign in to view related legal provisions.