The case involves a hearing before the Mumbai Bench of the National Company Law Tribunal (NCLT) concerning a matter under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor and Corporate Debtor's counsels are present. The Operational Creditor states that settlement agreement cheques given to the Petitioner were presented to the bank but returned unpaid due to a technical issue.
Ms. Neha Damania (Operational Creditor) filed a case against Independent TV Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Settlement agreement cheques were handed over to the Petitioner (Operational Creditor) but were returned unpaid by the bank due to a technical issue. As a result, the Corporate Debtor is directed to transfer money through RTGS within seven days. The case is listed on May 3, 2019, for filing a settlement agreement or admission. The failure of the cheques is a key fact that prompted the court's intervention to ensure payment via RTGS.
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Hearing of the Mumbai…
Case listed fo…
The case involves a hearing before the Mumbai Bench of the National Company Law Tribunal (NCLT) concerning a matter under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor and Corporate Debtor's counsels are present. The Operational Creditor states that settlement agreement cheques given to the Petitioner were presented to the bank but returned unpaid due to a technical issue.
Ms. Neha Damania (Operational Creditor) filed a case against Independent TV Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Settlement agreement cheques were handed over to the Petitioner (Operational Creditor) but were returned unpaid by the bank due to a technical issue. As a result, the Corporate Debtor is directed to transfer money through RTGS within seven days. The case is listed on May 3, 2019, for filing a settlement agreement or admission. The failure of the cheques is a key fact that prompted the court's intervention to ensure payment via RTGS.
Hearing of the Mumbai…
Case listed fo…