CA 723/2019 was filed by the Operational Creditor, seeking termination of the Corporate Insolvency Resolution (CIR) process, which had commenced on May 22, 2019, following the admission of their petition. The parties reached a compromise through a settlement agreement dated June 3, 2019. The Interim Resolution Professional (IRP) informed the court that no Committee of Creditors (COC) had been formed due to the absence of received claims after the publication.
The Operational Creditor filed CA 723/2019 seeking termination of the CIR process. The CIR process was initiated on May 22, 2019, following the admission of the Operational Creditor's petition. A settlement agreement was reached between the parties on June 3, 2019. The IRP informed the court that no COC was constituted due to the absence of claims received after publication. The Corporate Debtor is M/s. GD Chemicals V/s. M/s. Indo Laminates Pvt. Ltd. The Corporate Debtor has undertaken to reimburse the IRP's expenses and professional fees within one week.
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The CIR process was initiated following the…
A compromise was…
CA 723/2019 was filed by the Operational Creditor, seeking termination of the Corporate Insolvency Resolution (CIR) process, which had commenced on May 22, 2019, following the admission of their petition. The parties reached a compromise through a settlement agreement dated June 3, 2019. The Interim Resolution Professional (IRP) informed the court that no Committee of Creditors (COC) had been formed due to the absence of received claims after the publication.
The Operational Creditor filed CA 723/2019 seeking termination of the CIR process. The CIR process was initiated on May 22, 2019, following the admission of the Operational Creditor's petition. A settlement agreement was reached between the parties on June 3, 2019. The IRP informed the court that no COC was constituted due to the absence of claims received after publication. The Corporate Debtor is M/s. GD Chemicals V/s. M/s. Indo Laminates Pvt. Ltd. The Corporate Debtor has undertaken to reimburse the IRP's expenses and professional fees within one week.
The CIR process was initiated following the…
A compromise was…