The case involves an application CA(IB) No. 1500/KB/2019 filed by the Resolution Professional under Section 11 of the NCLT Rules for recording the settlement between the Financial Creditor and the Corporate Debtor, enabling the Operational Creditor to withdraw the matter. The matter was settled out of the Tribunal, and the agreement was reduced to writing by the parties.
Shri Avishek Paul Cowdhury & Ors. filed a case against Vasundhara Nirman Unnayan Pvt. Ltd. An application CA(IB) No. 1500/KB/2019 was filed by the Resolution Professional under Section 11 of the NCLT Rules to record a settlement between the Financial Creditor and the Corporate Debtor. The settlement allowed the Operational Creditor to withdraw the matter. The Tribunal was satisfied that the matter had been settled out of court and reduced to a written agreement. Aditya Kumar Tibrewal, the Interim Resolution Professional, and CS Durgesh Jha, representing the Corporate Debtor, appeared before the court.
Sign in to view the parties.
Hearing held…
The case involves an application CA(IB) No. 1500/KB/2019 filed by the Resolution Professional under Section 11 of the NCLT Rules for recording the settlement between the Financial Creditor and the Corporate Debtor, enabling the Operational Creditor to withdraw the matter. The matter was settled out of the Tribunal, and the agreement was reduced to writing by the parties.
Shri Avishek Paul Cowdhury & Ors. filed a case against Vasundhara Nirman Unnayan Pvt. Ltd. An application CA(IB) No. 1500/KB/2019 was filed by the Resolution Professional under Section 11 of the NCLT Rules to record a settlement between the Financial Creditor and the Corporate Debtor. The settlement allowed the Operational Creditor to withdraw the matter. The Tribunal was satisfied that the matter had been settled out of court and reduced to a written agreement. Aditya Kumar Tibrewal, the Interim Resolution Professional, and CS Durgesh Jha, representing the Corporate Debtor, appeared before the court.
Hearing held…