The case involves an application filed by the Applicant/Financial Creditor to place on record the consent terms entered between the parties on 2022-11-16. The Financial Creditor's counsel submits that the Corporate Debtor will make the payment as per the consent terms, satisfying the Financial Creditor in full.
An application was filed by the Applicant/Financial Creditor to record the consent terms agreed upon by both parties on 2022-11-16. The Financial Creditor's counsel stated that the Corporate Debtor would make payments according to the consent terms, fully satisfying the Financial Creditor. The Financial Creditor also requested the ability to revive the petition if the consent terms were breached. The court acknowledged the submissions and noted the agreement on the consent terms. The relevance of the consent terms is that they outline the agreed-upon payment schedule and conditions for resolving the financial matter between the parties.
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The case involves an application filed by the Applicant/Financial Creditor to place on record the consent terms entered between the parties on 2022-11-16. The Financial Creditor's counsel submits that the Corporate Debtor will make the payment as per the consent terms, satisfying the Financial Creditor in full.
An application was filed by the Applicant/Financial Creditor to record the consent terms agreed upon by both parties on 2022-11-16. The Financial Creditor's counsel stated that the Corporate Debtor would make payments according to the consent terms, fully satisfying the Financial Creditor. The Financial Creditor also requested the ability to revive the petition if the consent terms were breached. The court acknowledged the submissions and noted the agreement on the consent terms. The relevance of the consent terms is that they outline the agreed-upon payment schedule and conditions for resolving the financial matter between the parties.
The parties e…
The court heard the matter and passed an order…
Sign in to view related legal provisions.