The case involves a petition filed by DBS Bank India Ltd against NTL India Pvt Ltd under Section 7 Rule 4 of the IBC, 2016. A memo was filed by the petitioner stating that Rs. 12.50 crores was paid towards full satisfaction of the claim amount and requested the tribunal to dismiss the case as settled out of court.
DBS Bank India Ltd filed a petition against NTL India Pvt Ltd under Section 7 Rule 4 of the IBC, 2016. During the proceedings, DBS Bank India Ltd filed a memo stating that NTL India Pvt Ltd had paid Rs. 12.50 crores towards full satisfaction of the claim amount. Based on this memo, DBS Bank India Ltd requested the tribunal to dismiss the case as settled out of court. The tribunal took the memo on record and dismissed the case.
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DBS Bank India Ltd filed a memo stating that…
The tribunal dismissed…
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The case involves a petition filed by DBS Bank India Ltd against NTL India Pvt Ltd under Section 7 Rule 4 of the IBC, 2016. A memo was filed by the petitioner stating that Rs. 12.50 crores was paid towards full satisfaction of the claim amount and requested the tribunal to dismiss the case as settled out of court.
DBS Bank India Ltd filed a petition against NTL India Pvt Ltd under Section 7 Rule 4 of the IBC, 2016. During the proceedings, DBS Bank India Ltd filed a memo stating that NTL India Pvt Ltd had paid Rs. 12.50 crores towards full satisfaction of the claim amount. Based on this memo, DBS Bank India Ltd requested the tribunal to dismiss the case as settled out of court. The tribunal took the memo on record and dismissed the case.
DBS Bank India Ltd filed a memo stating that…
The tribunal dismissed…
Sign in to view related legal provisions.