The case involves M/s Apeksha Infraproject Pvt. Ltd. as the Financial Creditor/Applicant and M/s Apeksha Infradevelopers Pvt. Ltd. as the Corporate Debtor/Respondent. The Financial Creditor filed an IA No. 448/JPR/2022 under Rule 11 of the NCLT Rules, 2016, seeking to place a settlement deed dated 01.09.2022 on record.
M/s Apeksha Infraproject Pvt. Ltd. initiated proceedings as a Financial Creditor/Applicant against M/s Apeksha Infradevelopers Pvt. Ltd., the Corporate Debtor/Respondent. The Financial Creditor filed IA No. 448/JPR/2022 to place a settlement deed dated 2022-09-01 on record. Subsequently, the Financial Creditor sought to withdraw the petition. The relevance of the settlement deed is that it formed the basis for the Financial Creditor's decision to withdraw the petition, leading to the dismissal of CP No. (IB)- 140/7/JPR/2019.
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The case involves M/s Apeksha Infraproject Pvt. Ltd. as the Financial Creditor/Applicant and M/s Apeksha Infradevelopers Pvt. Ltd. as the Corporate Debtor/Respondent. The Financial Creditor filed an IA No. 448/JPR/2022 under Rule 11 of the NCLT Rules, 2016, seeking to place a settlement deed dated 01.09.2022 on record.
M/s Apeksha Infraproject Pvt. Ltd. initiated proceedings as a Financial Creditor/Applicant against M/s Apeksha Infradevelopers Pvt. Ltd., the Corporate Debtor/Respondent. The Financial Creditor filed IA No. 448/JPR/2022 to place a settlement deed dated 2022-09-01 on record. Subsequently, the Financial Creditor sought to withdraw the petition. The relevance of the settlement deed is that it formed the basis for the Financial Creditor's decision to withdraw the petition, leading to the dismissal of CP No. (IB)- 140/7/JPR/2019.
The Corporate Insolvency Resolution Process…
Settlement…
Sign in to view related legal provisions.