The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor, as the Committee of Creditors (CoC) was not formed. The applicant states that in compliance with the order passed by the Bench, a settlement agreement was duly executed between the parties on August 31, 2020, and annexed with the application.
Yogendra Kumar Sharma filed an application against M/s Paras Manohar Malik. The application was filed under Section 12A of the IBC, as the CoC was not formed. A settlement agreement was executed between the parties on 2020-08-31 and annexed with the application. The IRP, Mr. Vijay Oberoi, stated that the CIRP costs would be covered by the applicant's deposit, with any surplus to be refunded. The court considered the submissions and documents on record.
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Settlement agreement…
Order delivered by the…
The case involves an application filed under Section 12A of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor, as the Committee of Creditors (CoC) was not formed. The applicant states that in compliance with the order passed by the Bench, a settlement agreement was duly executed between the parties on August 31, 2020, and annexed with the application.
Yogendra Kumar Sharma filed an application against M/s Paras Manohar Malik. The application was filed under Section 12A of the IBC, as the CoC was not formed. A settlement agreement was executed between the parties on 2020-08-31 and annexed with the application. The IRP, Mr. Vijay Oberoi, stated that the CIRP costs would be covered by the applicant's deposit, with any surplus to be refunded. The court considered the submissions and documents on record.
Settlement agreement…
Order delivered by the…