The case pertains to a company petition/application filed under CP(IB) NO. 376/7/HDB/2018. The matter involves Sagar Infra Rail International Ltd as the company and State Bank of India as the petitioner. The case is filed under Section 7 of the IBC. The counsel representing both sides are present, along with the Director and Assistant Sales Manager of the Respondent Company.
The case involves a petition filed by State Bank of India against Sagar Infra Rail International Ltd under Section 7 of the IBC. The Respondent Company has proposed a settlement via OTS and is ready to pay 5% upfront. SBI's counsel needs time to respond to the proposal. The Director and Assistant Sales Manager of the Respondent Company are present. The court directs the Respondent to discuss the OTS proposal with the Bank Officials.
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The case pertains to a company petition/application filed under CP(IB) NO. 376/7/HDB/2018. The matter involves Sagar Infra Rail International Ltd as the company and State Bank of India as the petitioner. The case is filed under Section 7 of the IBC. The counsel representing both sides are present, along with the Director and Assistant Sales Manager of the Respondent Company.
The case involves a petition filed by State Bank of India against Sagar Infra Rail International Ltd under Section 7 of the IBC. The Respondent Company has proposed a settlement via OTS and is ready to pay 5% upfront. SBI's counsel needs time to respond to the proposal. The Director and Assistant Sales Manager of the Respondent Company are present. The court directs the Respondent to discuss the OTS proposal with the Bank Officials.
Hearing held on…
Matter to be…
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