The case involves Hytera Communications Corporation Ltd. and Simco Telecommunications (South Asia) Ltd. The matter was listed before the National Company Law Tribunal, Kolkata Bench. The counsels for both the Operational Creditor and the Corporate Debtor appeared and submitted that the matter has been settled between the parties.
Hytera Communications Corporation Ltd. initiated proceedings against Simco Telecommunications (South Asia) Ltd. under Section 9 of the IBC. During the hearing on February 14, 2019, both parties' counsels informed the court that they had reached a settlement. Consequently, the operational creditor sought permission to withdraw the case, which the court granted. The terms of the settlement were recorded, and the matter was withdrawn and disposed of.
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Hearing held on…
Counsels for both Operational Creditor and…
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The case involves Hytera Communications Corporation Ltd. and Simco Telecommunications (South Asia) Ltd. The matter was listed before the National Company Law Tribunal, Kolkata Bench. The counsels for both the Operational Creditor and the Corporate Debtor appeared and submitted that the matter has been settled between the parties.
Hytera Communications Corporation Ltd. initiated proceedings against Simco Telecommunications (South Asia) Ltd. under Section 9 of the IBC. During the hearing on February 14, 2019, both parties' counsels informed the court that they had reached a settlement. Consequently, the operational creditor sought permission to withdraw the case, which the court granted. The terms of the settlement were recorded, and the matter was withdrawn and disposed of.
Hearing held on…
Counsels for both Operational Creditor and…
Sign in to view related legal provisions.