IA No.05/ALD/2022 was filed by the corporate debtor to record a settlement agreement dated 2022-02-03 arrived at with the operational creditor. The matter was argued on various dates, and the corporate debtor was given an opportunity to settle the matter, considering the impending admission of the petition. Negotiations took place, leading to the settlement agreement.
The corporate debtor, M/S Jalnidhi Bitumen Specialities Pvt Ltd, filed IA No.05/ALD/2022 to bring a settlement agreement with the operational creditor on record. The settlement agreement was dated 2022-02-03. The court had previously granted the corporate debtor an opportunity to settle the matter out of court. Negotiations ensued, culminating in the settlement agreement. The operational creditor is present through their counsel, Sh. Krishna Agarwal. The corporate debtor is present through their counsel, Ms. Sushmita Mukherjee. The court took the settlement agreement on record and disposed of the insolvency proceedings.
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IA No.05/ALD/2022 was filed by the corporate debtor to record a settlement agreement dated 2022-02-03 arrived at with the operational creditor. The matter was argued on various dates, and the corporate debtor was given an opportunity to settle the matter, considering the impending admission of the petition. Negotiations took place, leading to the settlement agreement.
The corporate debtor, M/S Jalnidhi Bitumen Specialities Pvt Ltd, filed IA No.05/ALD/2022 to bring a settlement agreement with the operational creditor on record. The settlement agreement was dated 2022-02-03. The court had previously granted the corporate debtor an opportunity to settle the matter out of court. Negotiations ensued, culminating in the settlement agreement. The operational creditor is present through their counsel, Sh. Krishna Agarwal. The corporate debtor is present through their counsel, Ms. Sushmita Mukherjee. The court took the settlement agreement on record and disposed of the insolvency proceedings.
The settlement agreement between the corporate…
Hearing he…
Sign in to view related legal provisions.