The case involves a petition filed by M/s. Leo's Elevators Components Marketing Private Limited ('the Petitioner/Operational Creditor') under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Suryodaya Elevators Private Limited ('the Respondent/Corporate Debtor'). The basis for the petition was the Respondent's alleged default of Rs. 16,54,007/-. The case was listed on multiple dates and adjourned at the request of the parties. The Operational Creditor and Corporate Debtor reached an amicable settlement, with the Operational Creditor agreeing to a lesser amount than the original claim. A joint memo for withdrawal was filed on 08.03.2021.
M/s. Leo's Elevators Components Marketing Private Limited, the Operational Creditor, filed C.P.(IB)No.33/BB/2020 under Section 9 of the IBC, 2016, against M/s. Suryodaya Elevators Private Limited, the Corporate Debtor, claiming a default of Rs. 16,54,007/-. The case was listed on various dates between January 23, 2020, and March 1, 2021, and adjourned. The Operational Creditor and Corporate Debtor reached an amicable settlement where the Corporate Debtor agreed to pay Rs. 8,45,861/- in six monthly installments. The Operational Creditor acknowledged receiving Rs. 5,50,000/- from the Corporate Debtor during the pendency of the petition and a previous petition. A joint memo for withdrawal was filed on 08.03.2021. The previous petition, CP(IB)No.98/BB/2019 dated
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The case involves a petition filed by M/s. Leo's Elevators Components Marketing Private Limited ('the Petitioner/Operational Creditor') under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Suryodaya Elevators Private Limited ('the Respondent/Corporate Debtor'). The basis for the petition was the Respondent's alleged default of Rs. 16,54,007/-. The case was listed on multiple dates and adjourned at the request of the parties. The Operational Creditor and Corporate Debtor reached an amicable settlement, with the Operational Creditor agreeing to a lesser amount than the original claim. A joint memo for withdrawal was filed on 08.03.2021.
M/s. Leo's Elevators Components Marketing Private Limited, the Operational Creditor, filed C.P.(IB)No.33/BB/2020 under Section 9 of the IBC, 2016, against M/s. Suryodaya Elevators Private Limited, the Corporate Debtor, claiming a default of Rs. 16,54,007/-. The case was listed on various dates between January 23, 2020, and March 1, 2021, and adjourned. The Operational Creditor and Corporate Debtor reached an amicable settlement where the Corporate Debtor agreed to pay Rs. 8,45,861/- in six monthly installments. The Operational Creditor acknowledged receiving Rs. 5,50,000/- from the Corporate Debtor during the pendency of the petition and a previous petition. A joint memo for withdrawal was filed on 08.03.2021. The previous petition, CP(IB)No.98/BB/2019 dated
…The case was l…
The case was l…