The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Mr. Probir Kumar Roy Chaudhary against M/s. SPML Infra Ltd. The corporate debtor moved a joint application stating that the operational creditor acknowledges the receipt of dues towards full and final settlement.
Mr. Probir Kumar Roy Chaudhary filed an application against M/s. SPML Infra Ltd. under Section 9 of the IBC. The corporate debtor and operational creditor reached a settlement where the operational creditor acknowledged receiving full and final payment. The corporate debtor agreed to pay the IRP's costs and expenses. The IRP consented to the withdrawal. This settlement led to the corporate debtor moving a joint application for withdrawal of the matter. The relevance of these facts lies in demonstrating that the dispute was resolved outside of the formal insolvency process, leading to the dismissal of the case.
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Mr. Probir Kumar Roy Chaudhary against M/s. SPML Infra Ltd. The corporate debtor moved a joint application stating that the operational creditor acknowledges the receipt of dues towards full and final settlement.
Mr. Probir Kumar Roy Chaudhary filed an application against M/s. SPML Infra Ltd. under Section 9 of the IBC. The corporate debtor and operational creditor reached a settlement where the operational creditor acknowledged receiving full and final payment. The corporate debtor agreed to pay the IRP's costs and expenses. The IRP consented to the withdrawal. This settlement led to the corporate debtor moving a joint application for withdrawal of the matter. The relevance of these facts lies in demonstrating that the dispute was resolved outside of the formal insolvency process, leading to the dismissal of the case.
Order delivere…
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