The case pertains to CP(IB) No. 301/9/HDB/2020 and IA (IBC) 518/2024 filed in CP(IB) No. 301/9/HDB/2020 under Section 9 of the IBC, 2016. The matter is before the National Company Law Tribunal, Hyderabad Bench – 1, and is being conducted in VC and Physical (Hybrid) Mode. CYMK Inks LLP is the Operational Creditor, and Lotus Poly-Packs Pvt Ltd is the Corporate Debtor.
The case involves an application, IA (IBC) 518/2024, in connection with CP(IB) No. 301/9/HDB/2020, initiated under Section 9 of the IBC, 2016. CYMK Inks LLP is the Operational Creditor, and Lotus Poly-Packs Pvt Ltd is the Corporate Debtor. During the hearing, the Resolution Professional and the proxy Counsel for Respondent No. 2 were present. The proxy counsel stated that the second respondent/COC member has paid the bank share as claimed by the Resolution Professional. The Resolution Professional also filed the receipt of the memo. The key fact is that the payment has been made, leading to the closure of the application.
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Hearing held on 02-07-2024 at 10:30 AM…
The case pertains to CP(IB) No. 301/9/HDB/2020 and IA (IBC) 518/2024 filed in CP(IB) No. 301/9/HDB/2020 under Section 9 of the IBC, 2016. The matter is before the National Company Law Tribunal, Hyderabad Bench – 1, and is being conducted in VC and Physical (Hybrid) Mode. CYMK Inks LLP is the Operational Creditor, and Lotus Poly-Packs Pvt Ltd is the Corporate Debtor.
The case involves an application, IA (IBC) 518/2024, in connection with CP(IB) No. 301/9/HDB/2020, initiated under Section 9 of the IBC, 2016. CYMK Inks LLP is the Operational Creditor, and Lotus Poly-Packs Pvt Ltd is the Corporate Debtor. During the hearing, the Resolution Professional and the proxy Counsel for Respondent No. 2 were present. The proxy counsel stated that the second respondent/COC member has paid the bank share as claimed by the Resolution Professional. The Resolution Professional also filed the receipt of the memo. The key fact is that the payment has been made, leading to the closure of the application.
Hearing held on 02-07-2024 at 10:30 AM…