The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by M/s. Manipal Media Network Ltd. against M/s. M.N.S. Printers Private Limited due to a default of Rs.28,54,801.38 since 15.10.2018. The Adjudicating Authority admitted the case on 25.10.2019, initiating CIRP and appointing Shri Srinivas Thatikonda as the Interim Resolution Professional (IRP). The IRP made a public announcement on 02.11.2019, inviting creditors to submit their claims by 13.11.2019. Subsequently, both parties settled the matter amicably.
M/s. Manipal Media Network Ltd. (Operational Creditor) initiated CIRP against M/s. M.N.S. Printers Private Limited (Corporate Debtor) due to a default of Rs.28,54,801.38 since 15.10.2018. The Adjudicating Authority admitted the case on 25.10.2019 and appointed Shri Srinivas Thatikonda as the IRP. The IRP made a public announcement on 02.11.2019, setting a deadline of 13.11.2019 for creditors to submit claims. A Joint Memo of Settlement dated 06.11.2019 was filed, indicating that the Corporate Debtor handed over a Demand Draft of Rs.35,00,000 to the Operational Creditor, which the Operational Creditor acknowledged as full and final settlement. The Committee of Creditors had not been constituted. The IRP's fees and expenses were paid. The IRP filed an application under
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M/s. M.N.S. Printers Private Limited defaulted…
The Adjudicating Authority admitted the case and…
The case involves a Corporate Insolvency Resolution Process (CIRP) initiated by M/s. Manipal Media Network Ltd. against M/s. M.N.S. Printers Private Limited due to a default of Rs.28,54,801.38 since 15.10.2018. The Adjudicating Authority admitted the case on 25.10.2019, initiating CIRP and appointing Shri Srinivas Thatikonda as the Interim Resolution Professional (IRP). The IRP made a public announcement on 02.11.2019, inviting creditors to submit their claims by 13.11.2019. Subsequently, both parties settled the matter amicably.
M/s. Manipal Media Network Ltd. (Operational Creditor) initiated CIRP against M/s. M.N.S. Printers Private Limited (Corporate Debtor) due to a default of Rs.28,54,801.38 since 15.10.2018. The Adjudicating Authority admitted the case on 25.10.2019 and appointed Shri Srinivas Thatikonda as the IRP. The IRP made a public announcement on 02.11.2019, setting a deadline of 13.11.2019 for creditors to submit claims. A Joint Memo of Settlement dated 06.11.2019 was filed, indicating that the Corporate Debtor handed over a Demand Draft of Rs.35,00,000 to the Operational Creditor, which the Operational Creditor acknowledged as full and final settlement. The Committee of Creditors had not been constituted. The IRP's fees and expenses were paid. The IRP filed an application under
…M/s. M.N.S. Printers Private Limited defaulted…
The Adjudicating Authority admitted the case and…