The case pertains to CP(IB) No. 36/Chd/Pb/2020 filed under Section 9 of the IBC 2016. The matter was between Bikram Shukla, the operational creditor/petitioner, and Amtech Project & Product Pvt. Ltd., the corporate debtor/respondent. The case was initially admitted. However, the matter has been settled between the parties as per the order dated 31.08.2023 passed by Hon'ble NCLAT.
Bikram Shukla, acting as the operational creditor, initiated insolvency proceedings against Amtech Project & Product Pvt. Ltd., the corporate debtor, under Section 9 of the IBC 2016. The case was registered as CP(IB) No. 36/Chd/Pb/2020 and was initially admitted. Subsequently, the parties reached a settlement agreement dated 25.07.2023. Based on this settlement, Hon'ble NCLAT passed an order on 31.08.2023, leading to the disposal of the insolvency petition. As a result of the settlement and the court's order, the moratorium imposed under Section 14 of the Code was lifted, the corporate debtor was discharged from the claims, the IRP was discharged, and the Board of Directors was reinstated. The key fact is the settlement between the parties, which led to the
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The case pertains to CP(IB) No. 36/Chd/Pb/2020 filed under Section 9 of the IBC 2016. The matter was between Bikram Shukla, the operational creditor/petitioner, and Amtech Project & Product Pvt. Ltd., the corporate debtor/respondent. The case was initially admitted. However, the matter has been settled between the parties as per the order dated 31.08.2023 passed by Hon'ble NCLAT.
Bikram Shukla, acting as the operational creditor, initiated insolvency proceedings against Amtech Project & Product Pvt. Ltd., the corporate debtor, under Section 9 of the IBC 2016. The case was registered as CP(IB) No. 36/Chd/Pb/2020 and was initially admitted. Subsequently, the parties reached a settlement agreement dated 25.07.2023. Based on this settlement, Hon'ble NCLAT passed an order on 31.08.2023, leading to the disposal of the insolvency petition. As a result of the settlement and the court's order, the moratorium imposed under Section 14 of the Code was lifted, the corporate debtor was discharged from the claims, the IRP was discharged, and the Board of Directors was reinstated. The key fact is the settlement between the parties, which led to the
…The parties re…
Hon'ble NCLAT passed an…