The case involves Spenta Multimedia Pvt Ltd versus Percept Advertising Ltd. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed under Section 9 of the IBC. IA 1735(MB)2022 is related to C.P. (IB)/2973(MB)2018.
Spenta Multimedia Pvt Ltd initiated a case against Percept Advertising Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC). Both parties submitted to the NCLT that they had reached an amicable settlement. The Operational Creditor's (OC) counsel filed a Memorandum of Understanding (MOU) dated 2022-05-27, which specified a full and final settlement amount of Rs. 20,00,000. Consequently, the main application was disposed of as withdrawn. Additionally, I.A. 1735/2022, filed by the OC for an urgent hearing, became infructuous and was also disposed of.
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Counsel for the Operational Creditor (OC)…
The NCLT, Mumbai Bench, disposed of the main…
The case involves Spenta Multimedia Pvt Ltd versus Percept Advertising Ltd. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench. The application was filed under Section 9 of the IBC. IA 1735(MB)2022 is related to C.P. (IB)/2973(MB)2018.
Spenta Multimedia Pvt Ltd initiated a case against Percept Advertising Ltd under Section 9 of the Insolvency and Bankruptcy Code (IBC). Both parties submitted to the NCLT that they had reached an amicable settlement. The Operational Creditor's (OC) counsel filed a Memorandum of Understanding (MOU) dated 2022-05-27, which specified a full and final settlement amount of Rs. 20,00,000. Consequently, the main application was disposed of as withdrawn. Additionally, I.A. 1735/2022, filed by the OC for an urgent hearing, became infructuous and was also disposed of.
Counsel for the Operational Creditor (OC)…
The NCLT, Mumbai Bench, disposed of the main…