The case involves IA 2677/2021 filed by Purusottam Beheram, the Resolution Professional for the Corporate Debtor, Monotype India Limited, under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A(5) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons Regulations, 2016). A settlement deed was entered on 2023-09-29 between the Financial Creditor and Naresh Manakchand Jain, the Suspended Director of Monotype India Limited. The Corporate Debtor agreed to pay Rs. 4,30,00,000/- as a settlement amount.
A settlement deed was entered into on 2023-09-29 between the Financial Creditor and Naresh Manakchand Jain, the Suspended Director of Monotype India Limited. The Corporate Debtor, Monotype India Limited, agreed to pay a lump sum of Rs. 4,30,00,000/- towards full and final settlement of the dispute. The Resolution Professional, Purusottam Beheram, filed IA-2677/2021 under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A(5) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons Regulations, 2016). The counsel for the Suspended Director confirmed the contents of the settlement deed. The Resolution Professional submitted that all dues have been paid to the Financial Creditor, and there is nothing
…Sign in to view the parties.
Hearing of Mumbai Bench…
Settlement Deed entered between Financial…
The case involves IA 2677/2021 filed by Purusottam Beheram, the Resolution Professional for the Corporate Debtor, Monotype India Limited, under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A(5) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons Regulations, 2016). A settlement deed was entered on 2023-09-29 between the Financial Creditor and Naresh Manakchand Jain, the Suspended Director of Monotype India Limited. The Corporate Debtor agreed to pay Rs. 4,30,00,000/- as a settlement amount.
A settlement deed was entered into on 2023-09-29 between the Financial Creditor and Naresh Manakchand Jain, the Suspended Director of Monotype India Limited. The Corporate Debtor, Monotype India Limited, agreed to pay a lump sum of Rs. 4,30,00,000/- towards full and final settlement of the dispute. The Resolution Professional, Purusottam Beheram, filed IA-2677/2021 under Section 12A of the Insolvency and Bankruptcy Code, 2016, read with Regulation 30A(5) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Persons Regulations, 2016). The counsel for the Suspended Director confirmed the contents of the settlement deed. The Resolution Professional submitted that all dues have been paid to the Financial Creditor, and there is nothing
…Hearing of Mumbai Bench…
Settlement Deed entered between Financial…