This is an application for a discharge order under Section 119 of the IBC, 2016, following the payment of debts as per a repayment plan.
The applicant, Mrs. Basanti Devi Baldva, filed an application for a discharge order under Section 119 of the Insolvency and Bankruptcy Code, 2016 (IBC). This application was heard by the National Company Law Tribunal (NCLT), Jaipur Bench, through a web-based video conferencing platform. The application was listed as Item No. 05, with IA No. 397/JPR/2024 and CP No. (IB)- 29/94(1)/JPR/2023, filed under Section 94(1) of the IBC, 2016. Mr. Vishnu Upadhyay, the Resolution Professional (RP), appeared in person before the NCLT. In paragraph 13 of the application, the RP provided detailed information regarding the payments made to the creditors and the RP's costs. The total sum paid amounted to Rs. 6,88,000/-, which was submitted as Annexure-B with supporting details. Mr.
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The NCLT passed the…
This is an application for a discharge order under Section 119 of the IBC, 2016, following the payment of debts as per a repayment plan.
The applicant, Mrs. Basanti Devi Baldva, filed an application for a discharge order under Section 119 of the Insolvency and Bankruptcy Code, 2016 (IBC). This application was heard by the National Company Law Tribunal (NCLT), Jaipur Bench, through a web-based video conferencing platform. The application was listed as Item No. 05, with IA No. 397/JPR/2024 and CP No. (IB)- 29/94(1)/JPR/2023, filed under Section 94(1) of the IBC, 2016. Mr. Vishnu Upadhyay, the Resolution Professional (RP), appeared in person before the NCLT. In paragraph 13 of the application, the RP provided detailed information regarding the payments made to the creditors and the RP's costs. The total sum paid amounted to Rs. 6,88,000/-, which was submitted as Annexure-B with supporting details. Mr.
…The NCLT passed the…