I.A. No. 4459/2023 was filed for the withdrawal of the main C.P. The matter was settled between the parties for an amount of Rs. 37,50,00,000/- payable in six installments by the Corporate Debtor (CD). The Financial Creditor (FC) has already received part payment, and the last tranche is due on 31.12.2024.
The Financial Creditor (FC) and Corporate Debtor (CD) reached a settlement for Rs. 37,50,00,000/- payable in six installments by the CD. The FC received part payment, with the last installment due on 31.12.2024. Consequently, I.A. No. 4459/2023 was filed for the withdrawal of the main Corporate Petition (CP). The settlement is the key fact that led to the application for withdrawal of the CP.
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Order sheet of…
Counsel for the FC and CD jointly submit that…
I.A. No. 4459/2023 was filed for the withdrawal of the main C.P. The matter was settled between the parties for an amount of Rs. 37,50,00,000/- payable in six installments by the Corporate Debtor (CD). The Financial Creditor (FC) has already received part payment, and the last tranche is due on 31.12.2024.
The Financial Creditor (FC) and Corporate Debtor (CD) reached a settlement for Rs. 37,50,00,000/- payable in six installments by the CD. The FC received part payment, with the last installment due on 31.12.2024. Consequently, I.A. No. 4459/2023 was filed for the withdrawal of the main Corporate Petition (CP). The settlement is the key fact that led to the application for withdrawal of the CP.
Order sheet of…
Counsel for the FC and CD jointly submit that…