The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant appears ready to pay the amount in compliance with an earlier order. However, the respondent's advocate submitted that the amount has not been paid according to the schedule.
The matter pertains to an application under Section 7 of the IBC. The applicant claims readiness to comply with a prior order regarding payment. The respondent's advocate contests this, stating the amount remains unpaid and not as per the agreed schedule. The court is considering an application for an extension of time, but requires the applicant to first comply with the amount proposed in the resolution plan. The case is adjourned to 2023-11-22.
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The case involves an application under Section 7 of the Insolvency and Bankruptcy Code (IBC). The applicant appears ready to pay the amount in compliance with an earlier order. However, the respondent's advocate submitted that the amount has not been paid according to the schedule.
The matter pertains to an application under Section 7 of the IBC. The applicant claims readiness to comply with a prior order regarding payment. The respondent's advocate contests this, stating the amount remains unpaid and not as per the agreed schedule. The court is considering an application for an extension of time, but requires the applicant to first comply with the amount proposed in the resolution plan. The case is adjourned to 2023-11-22.
Order delivered in the…
Case kept for…