The case involves a Corporate Insolvency Resolution (CIR) proceeding. A report was filed by the Resolution Professional (RP) regarding the outcome of a meeting held on June 15, 2018, where the agenda was to conclude the CIR process. The RP submitted a list of creditors. Softwareone India Pvt. Ltd., the applicant, claimed Rs. 28,15,663/-. No other claims were received after publication. The liability was proposed to be settled via post-dated cheques, a proposal accepted by the claimant. The Committee of Creditors (COC) decided to end the CIR proceedings, supported by recorded minutes and an affidavit from the RP. A similar application to end the CIR proceedings was filed by the COC, also supported by an affidavit.
The key facts are as follows: A CIR proceeding was initiated. A meeting was held on June 15, 2018, to discuss ending the CIR process. Softwareone India Pvt. Ltd. filed a claim for Rs. 28,15,663/-. No other claims were received after publication. The liability was proposed to be settled via post-dated cheques, which the claimant accepted. The COC decided to end the CIR proceedings, supported by minutes and an affidavit. The RP also filed a report. The relevance of these facts lies in demonstrating the consensus and actions taken to resolve the claim and conclude the CIR process.
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The case involves a Corporate Insolvency Resolution (CIR) proceeding. A report was filed by the Resolution Professional (RP) regarding the outcome of a meeting held on June 15, 2018, where the agenda was to conclude the CIR process. The RP submitted a list of creditors. Softwareone India Pvt. Ltd., the applicant, claimed Rs. 28,15,663/-. No other claims were received after publication. The liability was proposed to be settled via post-dated cheques, a proposal accepted by the claimant. The Committee of Creditors (COC) decided to end the CIR proceedings, supported by recorded minutes and an affidavit from the RP. A similar application to end the CIR proceedings was filed by the COC, also supported by an affidavit.
The key facts are as follows: A CIR proceeding was initiated. A meeting was held on June 15, 2018, to discuss ending the CIR process. Softwareone India Pvt. Ltd. filed a claim for Rs. 28,15,663/-. No other claims were received after publication. The liability was proposed to be settled via post-dated cheques, which the claimant accepted. The COC decided to end the CIR proceedings, supported by minutes and an affidavit. The RP also filed a report. The relevance of these facts lies in demonstrating the consensus and actions taken to resolve the claim and conclude the CIR process.
A meeting was held to…
Hearing before the New…
Sign in to view related legal provisions.