The case pertains to CP(IB) No. 121/CTB/2019 before the National Company Law Tribunal (NCLT), Cuttack Bench. A Memorandum of Understanding (MoU) dated 31.12.2020 was arrived at between the parties.
A petition was filed under Section 9 of the IBC. A Memorandum of Understanding (MoU) dated 31.12.2020 was reached between the petitioner and the respondent. According to the MoU, the respondent agreed to make a payment on or before 31.03.2021. The petitioner's counsel stated that the matter had been settled out of court. Consequently, the court dismissed the petition with liberty.
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The case pertains to CP(IB) No. 121/CTB/2019 before the National Company Law Tribunal (NCLT), Cuttack Bench. A Memorandum of Understanding (MoU) dated 31.12.2020 was arrived at between the parties.
A petition was filed under Section 9 of the IBC. A Memorandum of Understanding (MoU) dated 31.12.2020 was reached between the petitioner and the respondent. According to the MoU, the respondent agreed to make a payment on or before 31.03.2021. The petitioner's counsel stated that the matter had been settled out of court. Consequently, the court dismissed the petition with liberty.
A Memorandum of…
The respondent agreed…
Sign in to view related legal provisions.