The case involves an application under the Insolvency and Bankruptcy Code (IBC). The IRP (Interim Resolution Professional) has received two claims pursuant to a public announcement. The promoter of the Corporate Debtor has undertaken to make payments of the claims received pursuant to the public announcement made by the IRP.
The Interim Resolution Professional (IRP) received two claims following a public announcement. The promoter of Futuretech Instruments Pvt Ltd, the Corporate Debtor, committed via a letter dated 2022-03-15 to settle the claims received after the IRP's public announcement on 2022-03-03. The IRP is instructed to notify Seashells Logistics Pvt Ltd, the Operational Creditor, by providing a copy of the 2022-03-15 letter, allowing them to pursue legal remedies. The petition was allowed, discharging Futuretech Instruments Pvt Ltd from the IBC's restrictions, granting them the freedom to operate under their own directors.
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Hearing held on…
Letter dated 15.03.2022 from the promoter of…
The case involves an application under the Insolvency and Bankruptcy Code (IBC). The IRP (Interim Resolution Professional) has received two claims pursuant to a public announcement. The promoter of the Corporate Debtor has undertaken to make payments of the claims received pursuant to the public announcement made by the IRP.
The Interim Resolution Professional (IRP) received two claims following a public announcement. The promoter of Futuretech Instruments Pvt Ltd, the Corporate Debtor, committed via a letter dated 2022-03-15 to settle the claims received after the IRP's public announcement on 2022-03-03. The IRP is instructed to notify Seashells Logistics Pvt Ltd, the Operational Creditor, by providing a copy of the 2022-03-15 letter, allowing them to pursue legal remedies. The petition was allowed, discharging Futuretech Instruments Pvt Ltd from the IBC's restrictions, granting them the freedom to operate under their own directors.
Hearing held on…
Letter dated 15.03.2022 from the promoter of…