The case C.P.(IB)No.03/BB/2020 was filed by M/s.Ginza Industries Ltd. (Operational Creditor) under Section 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s.Jenious Clothing Pvt. Ltd. The case was listed for admission on various dates and adjourned to allow parties to explore settlement. The Operational Creditor claimed a default of Rs. 16,81,784/- along with interest @24% p.a.
M/s.Ginza Industries Ltd. filed C.P.(IB)No.03/BB/2020 under Section 9 of the IBC, 2016, against M/s.Jenious Clothing Pvt. Ltd., claiming a default of Rs. 16,81,784/- plus interest. The case was listed for admission and adjourned multiple times to explore settlement possibilities. During the proceedings, the Respondent handed over two Demand Drafts to the Petitioner. Both parties' counsels filed a Memo Reporting Settlement dated 04.03.2020, confirming the settlement. The Petitioner then sought to withdraw the petition, which the court permitted, disposing of the case as withdrawn.
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The case was i…
The case was li…
The case C.P.(IB)No.03/BB/2020 was filed by M/s.Ginza Industries Ltd. (Operational Creditor) under Section 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s.Jenious Clothing Pvt. Ltd. The case was listed for admission on various dates and adjourned to allow parties to explore settlement. The Operational Creditor claimed a default of Rs. 16,81,784/- along with interest @24% p.a.
M/s.Ginza Industries Ltd. filed C.P.(IB)No.03/BB/2020 under Section 9 of the IBC, 2016, against M/s.Jenious Clothing Pvt. Ltd., claiming a default of Rs. 16,81,784/- plus interest. The case was listed for admission and adjourned multiple times to explore settlement possibilities. During the proceedings, the Respondent handed over two Demand Drafts to the Petitioner. Both parties' counsels filed a Memo Reporting Settlement dated 04.03.2020, confirming the settlement. The Petitioner then sought to withdraw the petition, which the court permitted, disposing of the case as withdrawn.
The case was i…
The case was li…