The case involves CP(IB)/54(CHE)/2021 before the National Company Law Tribunal (NCLT), Chennai. The Petitioner, State Bank of India, and the Respondent, Resurgent Power Projects Ltd, have reached a settlement. The Applicant (State Bank of India) accepted the One Time Settlement (O.T.S.) proposal given by the Respondent vide letter dated 08.09.2021.
State Bank of India filed a petition CP(IB)/54(CHE)/2021 against Resurgent Power Projects Ltd. The counsels for both parties were present. The Petitioner stated that a settlement had been reached between the parties, with the Applicant accepting the One Time Settlement (O.T.S.) proposal from the Respondent dated 08.09.2021. A memo dated 01.10.2021 was filed in the Registry. This led to the dismissal of the case as settled out of court with liberty.
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Resurgent Power Projects Ltd gave a One Time…
A memo dated 01.10.2021…
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The case involves CP(IB)/54(CHE)/2021 before the National Company Law Tribunal (NCLT), Chennai. The Petitioner, State Bank of India, and the Respondent, Resurgent Power Projects Ltd, have reached a settlement. The Applicant (State Bank of India) accepted the One Time Settlement (O.T.S.) proposal given by the Respondent vide letter dated 08.09.2021.
State Bank of India filed a petition CP(IB)/54(CHE)/2021 against Resurgent Power Projects Ltd. The counsels for both parties were present. The Petitioner stated that a settlement had been reached between the parties, with the Applicant accepting the One Time Settlement (O.T.S.) proposal from the Respondent dated 08.09.2021. A memo dated 01.10.2021 was filed in the Registry. This led to the dismissal of the case as settled out of court with liberty.
Resurgent Power Projects Ltd gave a One Time…
A memo dated 01.10.2021…
Sign in to view related legal provisions.