The case involves S Kumar Nationwide Limited versus RNT Distributors Private Limited. The Operational Creditor (OC) and Corporate Debtor (CD) have reached a settlement. The OC/Liquidator tendered the original Consent Terms, indicating a settlement between the parties. The OC received a payment of Rs. 42,00,000 as full and final settlement.
S Kumar Nationwide Limited filed a case against RNT Distributors Private Limited under the IBC, specifically Section 9. The Operational Creditor (OC) and Corporate Debtor (CD) reached a settlement. The OC/Liquidator presented the original Consent Terms, confirming the settlement. The OC received Rs. 42,00,000 as full and final settlement. Based on these submissions, the court allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP). The Company Petition (CP) was disposed of as withdrawn.
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C.P. (IB)/968(…
Order sheet of…
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The case involves S Kumar Nationwide Limited versus RNT Distributors Private Limited. The Operational Creditor (OC) and Corporate Debtor (CD) have reached a settlement. The OC/Liquidator tendered the original Consent Terms, indicating a settlement between the parties. The OC received a payment of Rs. 42,00,000 as full and final settlement.
S Kumar Nationwide Limited filed a case against RNT Distributors Private Limited under the IBC, specifically Section 9. The Operational Creditor (OC) and Corporate Debtor (CD) reached a settlement. The OC/Liquidator presented the original Consent Terms, confirming the settlement. The OC received Rs. 42,00,000 as full and final settlement. Based on these submissions, the court allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP). The Company Petition (CP) was disposed of as withdrawn.
C.P. (IB)/968(…
Order sheet of…
Sign in to view related legal provisions.