The case pertains to I.A No. 107 of 2022 in CP (IB) No. 102/BB/2021 filed by the Petitioner, M/s. Shapoornji Pallonji and Company Pvt Ltd, against the Respondent, M/s. Ozone Urbana Infra Developers Pvt Ltd, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The application sought to dispose of the Corporate Insolvency Resolution Process (CIRP) in terms of a Settlement Agreement dated 19.02.2022 entered into between the parties. The Settlement Agreement copy was already filed by the Respondent/Corporate Debtor.
M/s. Shapoornji Pallonji and Company Pvt Ltd (Petitioner) initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. Ozone Urbana Infra Developers Pvt Ltd (Respondent/Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, registered as CP (IB) No. 102/BB/2021. Subsequently, the parties entered into a Settlement Agreement dated 19.02.2022. The Petitioner filed I.A No. 107 of 2022 seeking to dispose of the CIRP in terms of the Settlement Agreement. The Respondent/Corporate Debtor had already filed a copy of the Settlement Agreement with the court. The Respondent/Corporate Debtor supported the disposal of the CIRP based on the Settlement Agreement. The key fact is the existence and filing of the Settlement Agreement, which formed the
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Settlement Agreement…
Copy of the Settlement Agreement filed by the…
The case pertains to I.A No. 107 of 2022 in CP (IB) No. 102/BB/2021 filed by the Petitioner, M/s. Shapoornji Pallonji and Company Pvt Ltd, against the Respondent, M/s. Ozone Urbana Infra Developers Pvt Ltd, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The application sought to dispose of the Corporate Insolvency Resolution Process (CIRP) in terms of a Settlement Agreement dated 19.02.2022 entered into between the parties. The Settlement Agreement copy was already filed by the Respondent/Corporate Debtor.
M/s. Shapoornji Pallonji and Company Pvt Ltd (Petitioner) initiated a Corporate Insolvency Resolution Process (CIRP) against M/s. Ozone Urbana Infra Developers Pvt Ltd (Respondent/Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, registered as CP (IB) No. 102/BB/2021. Subsequently, the parties entered into a Settlement Agreement dated 19.02.2022. The Petitioner filed I.A No. 107 of 2022 seeking to dispose of the CIRP in terms of the Settlement Agreement. The Respondent/Corporate Debtor had already filed a copy of the Settlement Agreement with the court. The Respondent/Corporate Debtor supported the disposal of the CIRP based on the Settlement Agreement. The key fact is the existence and filing of the Settlement Agreement, which formed the
…Settlement Agreement…
Copy of the Settlement Agreement filed by the…