The case involves CP(IB)/54(CHE)/2021 before the National Company Law Tribunal (NCLT), Chennai. The petitioner is State Bank of India, and the respondent is Resurgent Power Projects Ltd. The petitioner filed the case under Section 7 Rule 4 of IBC 2016. The case was heard on 04-10-2021.
State Bank of India filed a petition CP(IB)/54(CHE)/2021 against Resurgent Power Projects Ltd under Section 7 Rule 4 of IBC 2016. During the proceedings, the parties arrived at a settlement. The State Bank of India accepted the One Time Settlement (O.T.S.) proposal given by Resurgent Power Projects Ltd via a letter dated 08.09.2021. A memo dated 01.10.2021 was filed in the registry. The court then dismissed the case as settled out of court with liberty. The presence of counsels for both parties was noted during the hearing.
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Resurgent Power Projects Ltd gave a One Time…
A memo dated 01.10.2021 in SR. No.4377 was…
Sign in to view related legal provisions.
The case involves CP(IB)/54(CHE)/2021 before the National Company Law Tribunal (NCLT), Chennai. The petitioner is State Bank of India, and the respondent is Resurgent Power Projects Ltd. The petitioner filed the case under Section 7 Rule 4 of IBC 2016. The case was heard on 04-10-2021.
State Bank of India filed a petition CP(IB)/54(CHE)/2021 against Resurgent Power Projects Ltd under Section 7 Rule 4 of IBC 2016. During the proceedings, the parties arrived at a settlement. The State Bank of India accepted the One Time Settlement (O.T.S.) proposal given by Resurgent Power Projects Ltd via a letter dated 08.09.2021. A memo dated 01.10.2021 was filed in the registry. The court then dismissed the case as settled out of court with liberty. The presence of counsels for both parties was noted during the hearing.
Resurgent Power Projects Ltd gave a One Time…
A memo dated 01.10.2021 in SR. No.4377 was…
Sign in to view related legal provisions.