The case involves an application filed by the Resolution Professional under Section 12A for recording a settlement between the Operational Creditor and the Corporate Debtor. The Tribunal notes that no other claim has come forward and expresses satisfaction that the matter has been settled out of court.
Bard Roy Infotech Pvt. Ltd. (Operational Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against Rahul Telematic and Software Technologies Ltd. (Corporate Debtor) under Section 9 of the IBC. The Resolution Professional filed an application under Section 12A of the IBC to record a settlement between the Operational Creditor and the Corporate Debtor. The Tribunal noted that the matter was settled out of the Tribunal and no other claims were outstanding. The Operational Creditor requested to withdraw the application.
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CP (IB) No. 1189/KB/2018…
Hearing on the…
The case involves an application filed by the Resolution Professional under Section 12A for recording a settlement between the Operational Creditor and the Corporate Debtor. The Tribunal notes that no other claim has come forward and expresses satisfaction that the matter has been settled out of court.
Bard Roy Infotech Pvt. Ltd. (Operational Creditor) initiated a Corporate Insolvency Resolution Process (CIRP) against Rahul Telematic and Software Technologies Ltd. (Corporate Debtor) under Section 9 of the IBC. The Resolution Professional filed an application under Section 12A of the IBC to record a settlement between the Operational Creditor and the Corporate Debtor. The Tribunal noted that the matter was settled out of the Tribunal and no other claims were outstanding. The Operational Creditor requested to withdraw the application.
CP (IB) No. 1189/KB/2018…
Hearing on the…