The case involves a petition filed by Bank of Baroda against Lasa Supergenerics Limited regarding a default amount. The Financial Creditor (Bank of Baroda) sanctioned a One-Time Settlement (OTS) on 2024-10-01, and the Corporate Debtor (Lasa Supergenerics Limited) has already paid the entire OTS amount of US Dollar 21,61,700 to the Financial Creditor.
Bank of Baroda filed a petition against Lasa Supergenerics Limited due to a default amount of Rs. 19 crores, which later increased to Rs. 26 crores with interest. The Financial Creditor, Bank of Baroda, sanctioned a One-Time Settlement (OTS) on 2024-10-01, for US Dollar 21,61,700. Lasa Supergenerics Limited, the Corporate Debtor, paid the entire OTS amount. Consequently, Bank of Baroda sought to withdraw the petition. The NCLAT had passed an order on 2024-10-24, recording the OTS. The NCLT, Mumbai Bench, then dismissed the petition as withdrawn.
Sign in to view the parties.
The Financial Creditor…
The Hon'ble NCLAT passed an order recording…
The case involves a petition filed by Bank of Baroda against Lasa Supergenerics Limited regarding a default amount. The Financial Creditor (Bank of Baroda) sanctioned a One-Time Settlement (OTS) on 2024-10-01, and the Corporate Debtor (Lasa Supergenerics Limited) has already paid the entire OTS amount of US Dollar 21,61,700 to the Financial Creditor.
Bank of Baroda filed a petition against Lasa Supergenerics Limited due to a default amount of Rs. 19 crores, which later increased to Rs. 26 crores with interest. The Financial Creditor, Bank of Baroda, sanctioned a One-Time Settlement (OTS) on 2024-10-01, for US Dollar 21,61,700. Lasa Supergenerics Limited, the Corporate Debtor, paid the entire OTS amount. Consequently, Bank of Baroda sought to withdraw the petition. The NCLAT had passed an order on 2024-10-24, recording the OTS. The NCLT, Mumbai Bench, then dismissed the petition as withdrawn.
The Financial Creditor…
The Hon'ble NCLAT passed an order recording…