The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. An application under Section 9 of the IBC, 2016, bearing CP No. (IB)-15/9/JPR/2021, filed by Airen Metals Pvt. Ltd. against Kandoi Metal Powders Manufacturing Co. Pvt. Ltd., was admitted by the Adjudicating Authority on 19.01.2024, and Ms. Pratibha Khandelwal was appointed as the Interim Resolution Professional (IRP). The Operational Creditor (Airen Metals Pvt. Ltd.) and the Corporate Debtor (Kandoi Metal Powders Manufacturing Co. Pvt. Ltd.) entered into a settlement.
Airen Metals Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the IBC, 2016, against Kandoi Metal Powders Manufacturing Co. Pvt. Ltd., the Corporate Debtor. The application was admitted on 19.01.2024, and Ms. Pratibha Khandelwal was appointed as the IRP. Subsequently, the Operational Creditor and the Corporate Debtor entered into a settlement, executing a settlement deed on 21.01.2024, agreeing to pay the entire claim amount of Rs. 4,00,06,142/- by the Corporate Debtor. Rs. 1 crore has already been paid by the Corporate Debtor to the Operational Creditor and for remaining amount of Rs. 3 crores, three Post Date Cheques (PDC) have been issued to the Operational Creditor. The Chairman of the Monitoring Committee submitted that the settlement
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Application u/s 9 of IBC, 2016 bearing CP No.…
Application u/s 9 of IBC, 2016 bearing CP No.…
The case involves an application under Section 12A of the Insolvency and Bankruptcy Code (IBC), 2016, read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons) Regulations, 2016, and Rule 11 of the NCLT Rules, 2016. An application under Section 9 of the IBC, 2016, bearing CP No. (IB)-15/9/JPR/2021, filed by Airen Metals Pvt. Ltd. against Kandoi Metal Powders Manufacturing Co. Pvt. Ltd., was admitted by the Adjudicating Authority on 19.01.2024, and Ms. Pratibha Khandelwal was appointed as the Interim Resolution Professional (IRP). The Operational Creditor (Airen Metals Pvt. Ltd.) and the Corporate Debtor (Kandoi Metal Powders Manufacturing Co. Pvt. Ltd.) entered into a settlement.
Airen Metals Pvt. Ltd., the Operational Creditor, filed an application under Section 9 of the IBC, 2016, against Kandoi Metal Powders Manufacturing Co. Pvt. Ltd., the Corporate Debtor. The application was admitted on 19.01.2024, and Ms. Pratibha Khandelwal was appointed as the IRP. Subsequently, the Operational Creditor and the Corporate Debtor entered into a settlement, executing a settlement deed on 21.01.2024, agreeing to pay the entire claim amount of Rs. 4,00,06,142/- by the Corporate Debtor. Rs. 1 crore has already been paid by the Corporate Debtor to the Operational Creditor and for remaining amount of Rs. 3 crores, three Post Date Cheques (PDC) have been issued to the Operational Creditor. The Chairman of the Monitoring Committee submitted that the settlement
…Application u/s 9 of IBC, 2016 bearing CP No.…
Application u/s 9 of IBC, 2016 bearing CP No.…