The application IA/3021/2024 was filed by the Resolution Professional under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (IRP for CP Regulation, 2016), and Rule 11 of the NCLT, 2016, seeking liberty to the C.P. IB-2479/PB/2019 on account of settlement made between the Corporate Debtor and Financial Creditor. The CIRP in this case was admitted vide order dated 20.12.2023 and before the constitution of the CoC.
The Resolution Professional filed an application IA/3021/2024 under Section 12A of the IBC, 2016, seeking liberty to the C.P. IB-2479/PB/2019 due to a settlement between the Corporate Debtor and Financial Creditor. The CIRP had been admitted on 20.12.2023, but the CoC had not yet been constituted. The Financial Creditor and Corporate Debtor entered into a Settlement Agreement, and the Corporate Debtor paid the amount due to the Financial Creditor. The counsels for both parties acknowledged the settlement. The application was filed in accordance with Regulation 30A of the IBBI IRP C.P. Regulation.
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CIRP was admit…
Order delivered on…
The application IA/3021/2024 was filed by the Resolution Professional under Section 12A of the IBC, 2016, read with Regulation 30A of the IBBI (IRP for CP Regulation, 2016), and Rule 11 of the NCLT, 2016, seeking liberty to the C.P. IB-2479/PB/2019 on account of settlement made between the Corporate Debtor and Financial Creditor. The CIRP in this case was admitted vide order dated 20.12.2023 and before the constitution of the CoC.
The Resolution Professional filed an application IA/3021/2024 under Section 12A of the IBC, 2016, seeking liberty to the C.P. IB-2479/PB/2019 due to a settlement between the Corporate Debtor and Financial Creditor. The CIRP had been admitted on 20.12.2023, but the CoC had not yet been constituted. The Financial Creditor and Corporate Debtor entered into a Settlement Agreement, and the Corporate Debtor paid the amount due to the Financial Creditor. The counsels for both parties acknowledged the settlement. The application was filed in accordance with Regulation 30A of the IBBI IRP C.P. Regulation.
CIRP was admit…
Order delivered on…