The case pertains to C.P.(IB)-2274(MB)/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The order sheet reflects the hearing held on February 4, 2020. Consent terms were filed in the matter.
Varun Medimpex Inc. filed a case against Raja Antibiotics Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, both parties filed consent terms, indicating a settlement. The court took these consent terms on record. Consequently, the court dismissed the case C.P.(IB)-2274(MB)/2019 as withdrawn. The operational creditor retains the right to approach the tribunal again if Raja Antibiotics Ltd. defaults on the agreed terms.
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Order sheet…
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The case pertains to C.P.(IB)-2274(MB)/2019 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The order sheet reflects the hearing held on February 4, 2020. Consent terms were filed in the matter.
Varun Medimpex Inc. filed a case against Raja Antibiotics Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the proceedings, both parties filed consent terms, indicating a settlement. The court took these consent terms on record. Consequently, the court dismissed the case C.P.(IB)-2274(MB)/2019 as withdrawn. The operational creditor retains the right to approach the tribunal again if Raja Antibiotics Ltd. defaults on the agreed terms.
Order sheet…
Sign in to view related legal provisions.