The case involves a company petition/application before the National Company Law Tribunal (NCLT), Hyderabad Bench. The parties reported a settlement/compromise reached before the Apex Court (Supreme Court). A compromise/deed of settlement dated 2019-02-14 was filed before the Apex Court, and the appeal was disposed of based on this settlement. The insolvency proceedings were reported to be pending before the Tribunal, and both sides agreed that these proceedings should be terminated, and pending applications disposed of.
Quinn Logistics India Pvt Ltd initiated insolvency proceedings against Mack Soft Tech Private Ltd. During the pendency of these proceedings, both parties reached a settlement before the Supreme Court. A compromise deed dated 2019-02-14 was filed with the Supreme Court, which disposed of the appeal based on the settlement. The parties then informed the NCLT that insolvency proceedings were pending before it and requested their termination in light of the Supreme Court settlement. The Resolution Professional (RP) also filed an affidavit along with the Supreme Court order. The NCLT, after reviewing the settlement and the Supreme Court order, ordered the termination of the insolvency proceedings and the closure of all related pending applications.
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Compromise/deed of…
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The case involves a company petition/application before the National Company Law Tribunal (NCLT), Hyderabad Bench. The parties reported a settlement/compromise reached before the Apex Court (Supreme Court). A compromise/deed of settlement dated 2019-02-14 was filed before the Apex Court, and the appeal was disposed of based on this settlement. The insolvency proceedings were reported to be pending before the Tribunal, and both sides agreed that these proceedings should be terminated, and pending applications disposed of.
Quinn Logistics India Pvt Ltd initiated insolvency proceedings against Mack Soft Tech Private Ltd. During the pendency of these proceedings, both parties reached a settlement before the Supreme Court. A compromise deed dated 2019-02-14 was filed with the Supreme Court, which disposed of the appeal based on the settlement. The parties then informed the NCLT that insolvency proceedings were pending before it and requested their termination in light of the Supreme Court settlement. The Resolution Professional (RP) also filed an affidavit along with the Supreme Court order. The NCLT, after reviewing the settlement and the Supreme Court order, ordered the termination of the insolvency proceedings and the closure of all related pending applications.
Compromise/deed of…
Apex Court passed an…
Sign in to view related legal provisions.