The case involves an application for withdrawal of a Section 9 petition filed by the Operational Creditor under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor approached the Operational Creditor, and they amicably settled the matter, agreeing on terms for withdrawal of the company petition for a sum of Rs. 45,00,000/- as full and final settlement including litigation charges.
Jitendra Kothari (Operational Creditor) filed a Section 9 petition against Agfa Healthcare India Pvt Ltd (Corporate Debtor) under the Insolvency and Bankruptcy Code, 2016. Subsequently, the Corporate Debtor approached the Operational Creditor, and they reached a settlement agreement. As per the agreement, the Corporate Debtor agreed to pay Rs. 45,00,000/- to the Operational Creditor as full and final settlement, including litigation charges, in exchange for the withdrawal of the Section 9 petition. The Applicant/RP filed IA-1729/2022 under Section 12-A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30-A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the
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Order sheet of the…
IA-1729/2022 filed by the Applicant/RP…
The case involves an application for withdrawal of a Section 9 petition filed by the Operational Creditor under the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor approached the Operational Creditor, and they amicably settled the matter, agreeing on terms for withdrawal of the company petition for a sum of Rs. 45,00,000/- as full and final settlement including litigation charges.
Jitendra Kothari (Operational Creditor) filed a Section 9 petition against Agfa Healthcare India Pvt Ltd (Corporate Debtor) under the Insolvency and Bankruptcy Code, 2016. Subsequently, the Corporate Debtor approached the Operational Creditor, and they reached a settlement agreement. As per the agreement, the Corporate Debtor agreed to pay Rs. 45,00,000/- to the Operational Creditor as full and final settlement, including litigation charges, in exchange for the withdrawal of the Section 9 petition. The Applicant/RP filed IA-1729/2022 under Section 12-A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30-A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, seeking withdrawal of the
…Order sheet of the…
IA-1729/2022 filed by the Applicant/RP…