The matter was settled between the Applicant and the Corporate Debtor before the constitution of the Committee of Creditors (CoC). The decision was made in view of the ratio laid down by the Supreme Court of India in the case of Swiss Ribbons Private Limited and Another -vs- Union of India and others (2019) 4 SCC 17 (Para 82).
The applicant and the corporate debtor reached a settlement before the constitution of the Committee of Creditors (CoC). The court noted this settlement and referred to the Supreme Court's decision in Swiss Ribbons Private Limited and Another -vs- Union of India and others (2019) 4 SCC 17 (Para 82). The application MA/827/2019 was subsequently allowed, and the company petition CP/884/IB/2018 was dismissed as withdrawn. This indicates that the settlement was a key factor in the court's decision to dismiss the petition.
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Hearing of Chennai…
MA/827/2019 app…
The matter was settled between the Applicant and the Corporate Debtor before the constitution of the Committee of Creditors (CoC). The decision was made in view of the ratio laid down by the Supreme Court of India in the case of Swiss Ribbons Private Limited and Another -vs- Union of India and others (2019) 4 SCC 17 (Para 82).
The applicant and the corporate debtor reached a settlement before the constitution of the Committee of Creditors (CoC). The court noted this settlement and referred to the Supreme Court's decision in Swiss Ribbons Private Limited and Another -vs- Union of India and others (2019) 4 SCC 17 (Para 82). The application MA/827/2019 was subsequently allowed, and the company petition CP/884/IB/2018 was dismissed as withdrawn. This indicates that the settlement was a key factor in the court's decision to dismiss the petition.
Hearing of Chennai…
MA/827/2019 app…