The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Nevaeh Technology Private Limited (Operational Creditor) against Kerala State Electronics Development Corporation Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process. The application was admitted on 21.01.2022, and a moratorium was declared under Section 14(1) of the IBC 2016.
Nevaeh Technology Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kerala State Electronics Development Corporation Limited, the corporate debtor, to initiate the Corporate Insolvency Resolution Process. The application was admitted on 21.01.2022, leading to a moratorium. Subsequently, on 26th January 2022, both parties entered into a settlement agreement. As per the agreement, Keltron (Kerala State Electronics Development Corporation Limited) agreed to pay Nevaeh a sum of Rs. 1,27,55,150 in two installments and Rs. 2 lacs out of the remaining amount of Rs. 20,60,755, with the balance to be paid upon receipt of funds from Kolkata Police. Nevaeh agreed to waive off the interest portion of
…Sign in to view the parties.
CP (IB)/24/KOB/2021 was filed under Section…
The Tribunal admitted the application No.…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Nevaeh Technology Private Limited (Operational Creditor) against Kerala State Electronics Development Corporation Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process. The application was admitted on 21.01.2022, and a moratorium was declared under Section 14(1) of the IBC 2016.
Nevaeh Technology Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kerala State Electronics Development Corporation Limited, the corporate debtor, to initiate the Corporate Insolvency Resolution Process. The application was admitted on 21.01.2022, leading to a moratorium. Subsequently, on 26th January 2022, both parties entered into a settlement agreement. As per the agreement, Keltron (Kerala State Electronics Development Corporation Limited) agreed to pay Nevaeh a sum of Rs. 1,27,55,150 in two installments and Rs. 2 lacs out of the remaining amount of Rs. 20,60,755, with the balance to be paid upon receipt of funds from Kolkata Police. Nevaeh agreed to waive off the interest portion of
…CP (IB)/24/KOB/2021 was filed under Section…
The Tribunal admitted the application No.…