The case pertains to CP(IB) No. 1315/KB/2018 filed under Section 9 of the IBC. The Operational Creditor sought to initiate corporate insolvency resolution process against the Corporate Debtor, River Side Utilities Pvt. Ltd.
The case CP(IB) No. 1315/KB/2018 was filed under Section 9 of the IBC. The Operational Creditor, represented by Basabraj Chakraborty, claimed dues from the Corporate Debtor, River Side Utilities Pvt. Ltd. The Operational Creditor's counsel stated that the Demand Drafts for the due amount were received, leading to an out-of-tribunal settlement. Consequently, the Operational Creditor requested permission to withdraw the C.P., which was granted by the Tribunal.
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The case pertains to CP(IB) No. 1315/KB/2018 filed under Section 9 of the IBC. The Operational Creditor sought to initiate corporate insolvency resolution process against the Corporate Debtor, River Side Utilities Pvt. Ltd.
The case CP(IB) No. 1315/KB/2018 was filed under Section 9 of the IBC. The Operational Creditor, represented by Basabraj Chakraborty, claimed dues from the Corporate Debtor, River Side Utilities Pvt. Ltd. The Operational Creditor's counsel stated that the Demand Drafts for the due amount were received, leading to an out-of-tribunal settlement. Consequently, the Operational Creditor requested permission to withdraw the C.P., which was granted by the Tribunal.
Hearing held on…
The matter was…
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