The case involves an application filed by the Interim Resolution Professional (IRP) of New Kolkata International Development Private Limited, the Corporate Debtor, seeking directions regarding a settlement allegedly reached between the Operational Creditor (Prasun Sengupta) and the Corporate Debtor. The IRP sought directions for the execution of the settlement agreement, recall of the order admitting the Corporate Debtor into CIRP, and a stay on the CIRP proceedings. The Corporate Debtor was admitted into CIRP on 2020-03-16. The IRP published a public announcement and received an email indicating a settlement where the Corporate Debtor would pay ₹4,10,00,000/-. However, a formal settlement agreement was not executed due to the lockdown, and the Operational Creditor did
…Prasun Sengupta, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against New Kolkata International Development Private Limited. The Corporate Debtor was admitted into CIRP on 2020-03-16, and Santanu Bhattacharjee was appointed as the Interim Resolution Professional (IRP). The IRP published a public announcement in Form A on 2020-03-19. An email was received on 2020-04-07 indicating that the parties had settled the dispute amicably on 2020-03-24, with the Corporate Debtor agreeing to pay ₹4,10,00,000/-. However, a formal settlement agreement was not executed due to the lockdown. The IRP received another email on 2020-06-06 from the Operational Creditor stating that the parties had arrived at a settlement and requesting the IRP not to
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New Kolkata International Development Private…
The IRP published a public announcement in…
The case involves an application filed by the Interim Resolution Professional (IRP) of New Kolkata International Development Private Limited, the Corporate Debtor, seeking directions regarding a settlement allegedly reached between the Operational Creditor (Prasun Sengupta) and the Corporate Debtor. The IRP sought directions for the execution of the settlement agreement, recall of the order admitting the Corporate Debtor into CIRP, and a stay on the CIRP proceedings. The Corporate Debtor was admitted into CIRP on 2020-03-16. The IRP published a public announcement and received an email indicating a settlement where the Corporate Debtor would pay ₹4,10,00,000/-. However, a formal settlement agreement was not executed due to the lockdown, and the Operational Creditor did
…Prasun Sengupta, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against New Kolkata International Development Private Limited. The Corporate Debtor was admitted into CIRP on 2020-03-16, and Santanu Bhattacharjee was appointed as the Interim Resolution Professional (IRP). The IRP published a public announcement in Form A on 2020-03-19. An email was received on 2020-04-07 indicating that the parties had settled the dispute amicably on 2020-03-24, with the Corporate Debtor agreeing to pay ₹4,10,00,000/-. However, a formal settlement agreement was not executed due to the lockdown. The IRP received another email on 2020-06-06 from the Operational Creditor stating that the parties had arrived at a settlement and requesting the IRP not to
…New Kolkata International Development Private…
The IRP published a public announcement in…