The case involves a Company Petition (IB) No. 1639/ND/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Mr. Nawal Kishore Prasad, initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Hospitech Management Consultants Private Limited. Several IAs (IA/3277, IA/3390, and IA/3543 of 2020) were filed and related to the matter. Disputes arose regarding the settlement between the parties, payment of CIRP costs, and withdrawal of the application.
Mr. Nawal Kishore Prasad, the Operational Creditor, initiated CIRP against M/s Hospitech Management Consultants Private Limited, the Corporate Debtor. The parties reached a settlement where the Corporate Debtor paid Rs. 12,50,000 to the Operational Creditor. The RP received Form FA for withdrawal of the CIRP. The NCLAT directed the Corporate Debtor to pay Rs. 650638 towards CIRP costs, which was paid. The RP filed IA/3390/2020 and IA-3543/2020. The Corporate Debtor filed IA-3277/2020 seeking permission to withdraw the CIRP. The RP claimed an additional Rs. 63,000 as GST, which was disputed by the Corporate Debtor. The RP had filed a review application against the NCLAT order, which was rejected, and subsequently filed an appeal before the Supreme Court, which was
…Sign in to view the parties.
Application admitted…
Agreement arrived…
The case involves a Company Petition (IB) No. 1639/ND/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Mr. Nawal Kishore Prasad, initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Hospitech Management Consultants Private Limited. Several IAs (IA/3277, IA/3390, and IA/3543 of 2020) were filed and related to the matter. Disputes arose regarding the settlement between the parties, payment of CIRP costs, and withdrawal of the application.
Mr. Nawal Kishore Prasad, the Operational Creditor, initiated CIRP against M/s Hospitech Management Consultants Private Limited, the Corporate Debtor. The parties reached a settlement where the Corporate Debtor paid Rs. 12,50,000 to the Operational Creditor. The RP received Form FA for withdrawal of the CIRP. The NCLAT directed the Corporate Debtor to pay Rs. 650638 towards CIRP costs, which was paid. The RP filed IA/3390/2020 and IA-3543/2020. The Corporate Debtor filed IA-3277/2020 seeking permission to withdraw the CIRP. The RP claimed an additional Rs. 63,000 as GST, which was disputed by the Corporate Debtor. The RP had filed a review application against the NCLAT order, which was rejected, and subsequently filed an appeal before the Supreme Court, which was
…Application admitted…
Agreement arrived…