The case involves a petition filed under CP/1159/IB/2018. Counsels for both parties are present. The Corporate Debtor brought a Demand Draft for Rs. 1,00,000/- dated 31.07.2019, drawn on Tamil Nadu Mercantile Bank Ltd, which was given to the Counsel for the Operational Creditor as a full and final settlement. Cheques previously deposited by the Operational Creditor were returned to the Counsel for the Corporate Debtor.
The petition CP/1159/IB/2018 was filed. The Corporate Debtor presented a Demand Draft for Rs. 1,00,000/- dated 31.07.2019 drawn on Tamil Nadu Mercantile Bank Ltd to the Operational Creditor. This Demand Draft was accepted as a full and final settlement between the parties. The Operational Creditor had previously deposited cheques, which were then returned to the Corporate Debtor. The key fact is the settlement reached between the parties, leading to the disposal of the petition. The Demand Draft and return of cheques indicate a resolution of the financial dispute.
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CP/1159/IB/20…
The Corporate Debtor provided a Demand Draft…
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The case involves a petition filed under CP/1159/IB/2018. Counsels for both parties are present. The Corporate Debtor brought a Demand Draft for Rs. 1,00,000/- dated 31.07.2019, drawn on Tamil Nadu Mercantile Bank Ltd, which was given to the Counsel for the Operational Creditor as a full and final settlement. Cheques previously deposited by the Operational Creditor were returned to the Counsel for the Corporate Debtor.
The petition CP/1159/IB/2018 was filed. The Corporate Debtor presented a Demand Draft for Rs. 1,00,000/- dated 31.07.2019 drawn on Tamil Nadu Mercantile Bank Ltd to the Operational Creditor. This Demand Draft was accepted as a full and final settlement between the parties. The Operational Creditor had previously deposited cheques, which were then returned to the Corporate Debtor. The key fact is the settlement reached between the parties, leading to the disposal of the petition. The Demand Draft and return of cheques indicate a resolution of the financial dispute.
CP/1159/IB/20…
The Corporate Debtor provided a Demand Draft…
Sign in to view related legal provisions.