The case involves an application (CA(IB) No. 1166/KB/2019) filed in CP(IB) No. 459/KB/2018, concerning a settlement of debt between the Operational Creditor and the Corporate Debtor. The application was filed under Section 12A of the I&B Code, 2016, for recording the settlement. The Operational Creditor has received payment through bank drafts.
An application CA(IB) No. 1166/KB/2019 was filed in CP(IB) No. 459/KB/2018. The application was filed under Section 12A of the I&B Code, 2016, to record the settlement of debt between the Operational Creditor and the Corporate Debtor. The Operational Creditor received payment through bank drafts, and the copy of the bank drafts was annexed with the application. The Interim Resolution Professional (IRP) confirmed receipt of resolution fees and costs, with no outstanding dues. The Tribunal was satisfied that the matter was settled out of court. The CP (IB) No. 459/KB/2018 was advanced from 01/10/2019.
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CP(IB) No. 459…
CA(IB) No. 1166/KB/2019…
The case involves an application (CA(IB) No. 1166/KB/2019) filed in CP(IB) No. 459/KB/2018, concerning a settlement of debt between the Operational Creditor and the Corporate Debtor. The application was filed under Section 12A of the I&B Code, 2016, for recording the settlement. The Operational Creditor has received payment through bank drafts.
An application CA(IB) No. 1166/KB/2019 was filed in CP(IB) No. 459/KB/2018. The application was filed under Section 12A of the I&B Code, 2016, to record the settlement of debt between the Operational Creditor and the Corporate Debtor. The Operational Creditor received payment through bank drafts, and the copy of the bank drafts was annexed with the application. The Interim Resolution Professional (IRP) confirmed receipt of resolution fees and costs, with no outstanding dues. The Tribunal was satisfied that the matter was settled out of court. The CP (IB) No. 459/KB/2018 was advanced from 01/10/2019.
CP(IB) No. 459…
CA(IB) No. 1166/KB/2019…