The case CP(IB)-2945(MB)/2019 was filed by the Petitioner/Operational Creditor, Jai Mata Di Trading Co., against the Respondent/Corporate Debtor, Toughcons Realtors Pvt. Ltd., for initiation of Corporate Insolvency Resolution Process. The matter was heard several times from 2019-09-13 to 2021-03-09. An order dated 2020-02-21 indicated a full and final settlement of outstanding dues, with a cheque dated 2020-02-20 handed over to the Counsel for the Operational Creditor. The matter was listed on 2020-02-26 for reporting the final settlement, but the Respondent was absent. The matter was then posted to 2020-03-16. On 2021-01-25, the Counsel for the Petitioner submitted that certain amounts had been paid by the Corporate Debtor, and requested time to verify the same. The
…Jai Mata Di Trading Co. filed CP(IB)-2945(MB)/2019 against Toughcons Realtors Pvt. Ltd. seeking to initiate Corporate Insolvency Resolution Process. The case was heard multiple times between September 13, 2019, and March 9, 2021. On February 21, 2020, an order indicated a full and final settlement of outstanding dues, with a cheque dated February 20, 2020, being handed over to the Operational Creditor's counsel. The matter was listed on February 26, 2020, for reporting the final settlement, but the Respondent was absent. The Petitioner's counsel appeared on January 25, 2021, stating that Rs.7.0 lakh had been paid by the Corporate Debtor and requested time to verify. On March 9, 2021, neither party was present. The court noted the settlement and the lack of interest in
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The case CP(IB)-2945(MB)/2019 was filed by the Petitioner/Operational Creditor, Jai Mata Di Trading Co., against the Respondent/Corporate Debtor, Toughcons Realtors Pvt. Ltd., for initiation of Corporate Insolvency Resolution Process. The matter was heard several times from 2019-09-13 to 2021-03-09. An order dated 2020-02-21 indicated a full and final settlement of outstanding dues, with a cheque dated 2020-02-20 handed over to the Counsel for the Operational Creditor. The matter was listed on 2020-02-26 for reporting the final settlement, but the Respondent was absent. The matter was then posted to 2020-03-16. On 2021-01-25, the Counsel for the Petitioner submitted that certain amounts had been paid by the Corporate Debtor, and requested time to verify the same. The
…Jai Mata Di Trading Co. filed CP(IB)-2945(MB)/2019 against Toughcons Realtors Pvt. Ltd. seeking to initiate Corporate Insolvency Resolution Process. The case was heard multiple times between September 13, 2019, and March 9, 2021. On February 21, 2020, an order indicated a full and final settlement of outstanding dues, with a cheque dated February 20, 2020, being handed over to the Operational Creditor's counsel. The matter was listed on February 26, 2020, for reporting the final settlement, but the Respondent was absent. The Petitioner's counsel appeared on January 25, 2021, stating that Rs.7.0 lakh had been paid by the Corporate Debtor and requested time to verify. On March 9, 2021, neither party was present. The court noted the settlement and the lack of interest in
…The matter cam…
The matter came up for…