The case involves an application for withdrawal of an insolvency application. The Operational Creditor, Tube Investment of India Ltd., initiated proceedings against the Corporate Debtor, Globe International Carries Ltd. During the pendency of the petition, both parties reached a settlement agreement on 2022-03-04 for full and final settlement of all disputes.
Tube Investment of India Ltd., the Operational Creditor, initiated insolvency proceedings against Globe International Carries Ltd., the Corporate Debtor. During the pendency of the case, the parties entered into a settlement agreement on 2022-03-04. As part of the settlement, the Corporate Debtor paid Rs. 17,95,581/- to the Operational Creditor. Consequently, the Operational Creditor sought to withdraw the insolvency application, leading to the filing of IA No. 148/JPR/2022.
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Filing of CP N…
Operational Creditor…
The case involves an application for withdrawal of an insolvency application. The Operational Creditor, Tube Investment of India Ltd., initiated proceedings against the Corporate Debtor, Globe International Carries Ltd. During the pendency of the petition, both parties reached a settlement agreement on 2022-03-04 for full and final settlement of all disputes.
Tube Investment of India Ltd., the Operational Creditor, initiated insolvency proceedings against Globe International Carries Ltd., the Corporate Debtor. During the pendency of the case, the parties entered into a settlement agreement on 2022-03-04. As part of the settlement, the Corporate Debtor paid Rs. 17,95,581/- to the Operational Creditor. Consequently, the Operational Creditor sought to withdraw the insolvency application, leading to the filing of IA No. 148/JPR/2022.
Filing of CP N…
Operational Creditor…