The matter pertains to CP NO.(IB) 187/ALD/2019 before the Allahabad Bench of the National Company Law Tribunal (NCLT). The applicant filed IA No. 189/2021 seeking withdrawal of CP NO.(IB)187/ALD/2019. The applicant and respondent entered into a settlement agreement dated 20.02.2021, where the applicant would receive Rs.3,62,00,000/- from the Corporate Debtor for full and final settlement.
The applicant filed CP NO.(IB) 187/ALD/2019 before the Allahabad Bench of the NCLT. The applicant and respondent entered into a settlement agreement dated 20.02.2021, where the applicant would receive Rs.3,62,00,000/- from the Corporate Debtor for full and final settlement of the claim. The Corporate Debtor has released the payment. The applicant then filed IA No. 189/2021 seeking withdrawal of CP NO.(IB)187/ALD/2019. The Ld. Counsel for the Respondent did not oppose the withdrawal.
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The NCLT dismi…
The matter pertains to CP NO.(IB) 187/ALD/2019 before the Allahabad Bench of the National Company Law Tribunal (NCLT). The applicant filed IA No. 189/2021 seeking withdrawal of CP NO.(IB)187/ALD/2019. The applicant and respondent entered into a settlement agreement dated 20.02.2021, where the applicant would receive Rs.3,62,00,000/- from the Corporate Debtor for full and final settlement.
The applicant filed CP NO.(IB) 187/ALD/2019 before the Allahabad Bench of the NCLT. The applicant and respondent entered into a settlement agreement dated 20.02.2021, where the applicant would receive Rs.3,62,00,000/- from the Corporate Debtor for full and final settlement of the claim. The Corporate Debtor has released the payment. The applicant then filed IA No. 189/2021 seeking withdrawal of CP NO.(IB)187/ALD/2019. The Ld. Counsel for the Respondent did not oppose the withdrawal.
Applicant and…
The NCLT dismi…