This case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Ingersoll Rand Climate Solutions Private Limited (Operational Creditor/Petitioner) against Neo Cochin Infrastructure Services Private Limited (Corporate Debtor/Respondent). The operational creditor filed the petition seeking initiation of corporate insolvency resolution process against the corporate debtor.
Ingersoll Rand Climate Solutions Private Limited, the operational creditor, filed a petition against Neo Cochin Infrastructure Services Private Limited, the corporate debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. Subsequently, the corporate debtor proposed a settlement to pay the principal amount of ₹4,31,000 to the operational creditor. The operational creditor agreed to the settlement. The corporate debtor agreed to pay ₹2,00,000 via cheque No.023110 dated 2020-03-23 and the remaining amount in two installments through post-dated cheques No. 023113 dated 2020-04-23 and No. 023114 dated 2020-05-23. Based on this settlement, the operational creditor sought to withdraw the petition.
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The operational creditor submitted an IA in…
The Corporate Debtor undertakes to credit a sum…
This case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Ingersoll Rand Climate Solutions Private Limited (Operational Creditor/Petitioner) against Neo Cochin Infrastructure Services Private Limited (Corporate Debtor/Respondent). The operational creditor filed the petition seeking initiation of corporate insolvency resolution process against the corporate debtor.
Ingersoll Rand Climate Solutions Private Limited, the operational creditor, filed a petition against Neo Cochin Infrastructure Services Private Limited, the corporate debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. Subsequently, the corporate debtor proposed a settlement to pay the principal amount of ₹4,31,000 to the operational creditor. The operational creditor agreed to the settlement. The corporate debtor agreed to pay ₹2,00,000 via cheque No.023110 dated 2020-03-23 and the remaining amount in two installments through post-dated cheques No. 023113 dated 2020-04-23 and No. 023114 dated 2020-05-23. Based on this settlement, the operational creditor sought to withdraw the petition.
The operational creditor submitted an IA in…
The Corporate Debtor undertakes to credit a sum…