The case involves Crest Speciality Resins Pvt. Ltd. as the operational creditor and Aksh Optifibre Ltd. as the corporate debtor. The operational creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was presented through video conferencing before the National Company Law Tribunal (NCLT), Jaipur Bench.
Crest Speciality Resins Pvt. Ltd. (Operational Creditor) initiated proceedings against Aksh Optifibre Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor and Corporate Debtor reached an amicable settlement. The Corporate Debtor paid Rs. 47,33,932/- to the Operational Creditor as full and final payment. A settlement agreement was executed between the parties on 2022-01-07. The Operational Creditor sought to withdraw the petition based on the settlement. The NCLT granted permission to withdraw the petition and dismissed the matter.
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Settlement agreement executed between Crest…
NCLT, Jaipur Bench, granted permission to…
The case involves Crest Speciality Resins Pvt. Ltd. as the operational creditor and Aksh Optifibre Ltd. as the corporate debtor. The operational creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was presented through video conferencing before the National Company Law Tribunal (NCLT), Jaipur Bench.
Crest Speciality Resins Pvt. Ltd. (Operational Creditor) initiated proceedings against Aksh Optifibre Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Operational Creditor and Corporate Debtor reached an amicable settlement. The Corporate Debtor paid Rs. 47,33,932/- to the Operational Creditor as full and final payment. A settlement agreement was executed between the parties on 2022-01-07. The Operational Creditor sought to withdraw the petition based on the settlement. The NCLT granted permission to withdraw the petition and dismissed the matter.
Settlement agreement executed between Crest…
NCLT, Jaipur Bench, granted permission to…