The application I.A. 3086/2024 was filed by the IRP under section 12A of the IBC for withdrawal of the main company petition, which was initially filed under section 9 of the IBC. The counsel for the IRP stated that the default amount was Rs. 24,12,582, and the corporate debtor agreed to pay Rs. 13,84,000 against the full and final settlement of all claims raised by the creditor. Rs. 10,00,000 had already been received by the Operational Creditor (OC), and the balance amount of Rs. 3,84,000.00, via PDC dated 05.08.2024, was also handed over to the OC.
The initial default amount was Rs. 24,12,582. The corporate debtor agreed to pay Rs. 13,84,000 for full settlement. The Operational Creditor received Rs. 10,00,000. A PDC dated 05.08.2024 for Rs. 3,84,000.00 was handed over to the OC. The Operational Creditor signed the FA annexed to the application. The IRP filed the application under Section 12A of IBC for withdrawal of the main company petition filed under Section 9 of IBC. The main company petition was dismissed as withdrawn.
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Main company petition…
PDC dated 05.08.2024…
The application I.A. 3086/2024 was filed by the IRP under section 12A of the IBC for withdrawal of the main company petition, which was initially filed under section 9 of the IBC. The counsel for the IRP stated that the default amount was Rs. 24,12,582, and the corporate debtor agreed to pay Rs. 13,84,000 against the full and final settlement of all claims raised by the creditor. Rs. 10,00,000 had already been received by the Operational Creditor (OC), and the balance amount of Rs. 3,84,000.00, via PDC dated 05.08.2024, was also handed over to the OC.
The initial default amount was Rs. 24,12,582. The corporate debtor agreed to pay Rs. 13,84,000 for full settlement. The Operational Creditor received Rs. 10,00,000. A PDC dated 05.08.2024 for Rs. 3,84,000.00 was handed over to the OC. The Operational Creditor signed the FA annexed to the application. The IRP filed the application under Section 12A of IBC for withdrawal of the main company petition filed under Section 9 of IBC. The main company petition was dismissed as withdrawn.
Main company petition…
PDC dated 05.08.2024…