The petitioner, an operational creditor, filed a main petition under Section 9 of the IBC, 2016, seeking to initiate corporate insolvency resolution proceedings against the corporate debtor. During the pendency of this petition, the parties reached an amicable settlement.
Steel Products Ltd., the operational creditor, filed a main petition, CP(IB) No.179/Chd/Hry/2021, against A2Z Infra-Engineering Services Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment. The matter was being heard by the National Company Law Tribunal, Chandigarh Bench.
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A Settlement Agreement was filed vide IA No.…
The NCLT passed an order allowing the…
The petitioner, an operational creditor, filed a main petition under Section 9 of the IBC, 2016, seeking to initiate corporate insolvency resolution proceedings against the corporate debtor. During the pendency of this petition, the parties reached an amicable settlement.
Steel Products Ltd., the operational creditor, filed a main petition, CP(IB) No.179/Chd/Hry/2021, against A2Z Infra-Engineering Services Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. This petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an alleged default in payment. The matter was being heard by the National Company Law Tribunal, Chandigarh Bench.
A Settlement Agreement was filed vide IA No.…
The NCLT passed an order allowing the…