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. initiated a Corporate Insolvency Resolution Process (CIRP) against Rahul Telematic and Software Technologies Ltd. An application was filed by the Resolution Professional under Section 12A of the Insolvency and Bankruptcy Code (IBC) to record a settlement between the Operational Creditor (Bard Roy Infotech Pvt. Ltd.) and the Corporate Debtor (Rahul Telematic and Software Technologies Ltd.). The Tribunal noted that no other claims had been filed and expressed satisfaction that the matter had been settled out of court. 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. initiated a Corporate Insolvency Resolution Process (CIRP) against Rahul Telematic and Software Technologies Ltd. An application was filed by the Resolution Professional under Section 12A of the Insolvency and Bankruptcy Code (IBC) to record a settlement between the Operational Creditor (Bard Roy Infotech Pvt. Ltd.) and the Corporate Debtor (Rahul Telematic and Software Technologies Ltd.). The Tribunal noted that no other claims had been filed and expressed satisfaction that the matter had been settled out of court. The Operational Creditor requested to withdraw the application.
CP (IB) No. 1189/KB/2018…
Hearing on the…