The case involves an application (MA/272/IB/2018) filed in CP/641/IB/2018 for recalling an order dated 19.06.2018, which initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. J. Technologies India Pvt. Ltd. The CIRP was initiated based on an application filed by M/s. Jura IT Solutions Pvt. Ltd. The Operational Creditor and the Corporate Debtor reached a settlement agreement.
M/s. Jura IT Solutions Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. J. Technologies India Pvt. Ltd. via CP/641/(IB)/2018. The National Company Law Tribunal (NCLT) had previously passed an order on 19.06.2018 to initiate the CIRP. Subsequently, the Operational Creditor (M/s. Jura IT Solutions Pvt. Ltd.) and the Corporate Debtor (M/s. J. Technologies India Pvt. Ltd.) arrived at a settlement agreement. As part of the settlement, the Corporate Debtor agreed to pay Rs.78,40,000/- to the Operational Creditor, with an upfront payment of Rs.45,00,000/- made via three demand drafts dated 26.07.2018. The remaining amount was to be paid in four installments via post-dated cheques. The expenses incurred by the Interim Resolution Professional
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The case involves an application (MA/272/IB/2018) filed in CP/641/IB/2018 for recalling an order dated 19.06.2018, which initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. J. Technologies India Pvt. Ltd. The CIRP was initiated based on an application filed by M/s. Jura IT Solutions Pvt. Ltd. The Operational Creditor and the Corporate Debtor reached a settlement agreement.
M/s. Jura IT Solutions Pvt. Ltd. initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. J. Technologies India Pvt. Ltd. via CP/641/(IB)/2018. The National Company Law Tribunal (NCLT) had previously passed an order on 19.06.2018 to initiate the CIRP. Subsequently, the Operational Creditor (M/s. Jura IT Solutions Pvt. Ltd.) and the Corporate Debtor (M/s. J. Technologies India Pvt. Ltd.) arrived at a settlement agreement. As part of the settlement, the Corporate Debtor agreed to pay Rs.78,40,000/- to the Operational Creditor, with an upfront payment of Rs.45,00,000/- made via three demand drafts dated 26.07.2018. The remaining amount was to be paid in four installments via post-dated cheques. The expenses incurred by the Interim Resolution Professional
…The Authority passed an order initiating the…
The Corporate Debtor…
Sign in to view related legal provisions.