The case involves an Interlocutory Application (IBC)/3926/2023 in C.P. (IB)/428(MB)2022 before the National Company Law Tribunal (NCLT), Mumbai Bench. The applicant sought to place on record a settlement agreement dated 2023-07-15 arrived at between the OC (Original Creditor) and CD (Corporate Debtor).
The case involves an Interlocutory Application (IA 3926/2023) filed by the Counsel for OC seeking to place on record a settlement agreement dated 2023-07-15, which was arrived at between the OC and the CD. The Counsel for OC, upon being queried, submitted that the OC wishes to withdraw the Corporate Petition (CP) pursuant to the settlement agreement. The relevance of the settlement agreement is that it forms the basis for the OC's decision to withdraw the CP, leading to the dismissal of the CP and disposal of the IA.
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The case involves an Interlocutory Application (IBC)/3926/2023 in C.P. (IB)/428(MB)2022 before the National Company Law Tribunal (NCLT), Mumbai Bench. The applicant sought to place on record a settlement agreement dated 2023-07-15 arrived at between the OC (Original Creditor) and CD (Corporate Debtor).
The case involves an Interlocutory Application (IA 3926/2023) filed by the Counsel for OC seeking to place on record a settlement agreement dated 2023-07-15, which was arrived at between the OC and the CD. The Counsel for OC, upon being queried, submitted that the OC wishes to withdraw the Corporate Petition (CP) pursuant to the settlement agreement. The relevance of the settlement agreement is that it forms the basis for the OC's decision to withdraw the CP, leading to the dismissal of the CP and disposal of the IA.
Settlement agreement…
Order sheet of the…
Sign in to view related legal provisions.