The case involves an application (CA(IB) No. 556/KB/2019) filed by the Interim Resolution Professional to record the settlement of a dispute between the parties before the Committee of Creditors was formed. The matter was settled between the Operational Creditor and the Corporate Debtor.
Machinery Agencies (India) initiated a Corporate Insolvency Resolution Process (CIRP) against S & H Manufacturing and Trading Pvt. Ltd. under Section 9 of the IBC. An Interim Resolution Professional was appointed. Before the Committee of Creditors could be fully formed, the Operational Creditor and the Corporate Debtor reached a settlement. The Interim Resolution Professional then filed an application (CA(IB) No. 556/KB/2019) to record this settlement. The Interim Resolution Professional also confirmed that their fees and costs had been paid. The settlement led to the disposal of the CIRP application.
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Corporate Ins…
Hearing on the…
The case involves an application (CA(IB) No. 556/KB/2019) filed by the Interim Resolution Professional to record the settlement of a dispute between the parties before the Committee of Creditors was formed. The matter was settled between the Operational Creditor and the Corporate Debtor.
Machinery Agencies (India) initiated a Corporate Insolvency Resolution Process (CIRP) against S & H Manufacturing and Trading Pvt. Ltd. under Section 9 of the IBC. An Interim Resolution Professional was appointed. Before the Committee of Creditors could be fully formed, the Operational Creditor and the Corporate Debtor reached a settlement. The Interim Resolution Professional then filed an application (CA(IB) No. 556/KB/2019) to record this settlement. The Interim Resolution Professional also confirmed that their fees and costs had been paid. The settlement led to the disposal of the CIRP application.
Corporate Ins…
Hearing on the…