The case involves an Interlocutory Application (IA 379/2024) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Samco Securities Limited. The CIRP was initiated vide order dated 24.01.2024. The applicant sought withdrawal of the CIRP after settling the matter with the petitioner (Gupshup Technology India Private Limited).
Gupshup Technology India Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Samco Securities Limited. The CIRP was initiated on 24.01.2024. Subsequently, Gupshup Technology India Private Limited and Samco Securities Limited reached a settlement for Rs. 1,43,52,775/-, executing a settlement agreement on 25.01.2024. Samco Securities Limited made a part payment of Rs. 75,00,000/- to Gupshup Technology India Private Limited on 25.01.2024 and provided a demand draft for the balance amount of Rs. 68,52,775/- on the same date. Gupshup Technology India Private Limited remitted Rs. 5,00,000/- towards the CIRP admission order. Gupshup Technology India Private Limited then filed Form FA on 29.01.2024, seeking withdrawal of the CIRP, stating that no
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Corporate Insolvency…
Gupshup Technology India Private Limited…
The case involves an Interlocutory Application (IA 379/2024) filed in connection with a Corporate Insolvency Resolution Process (CIRP) initiated against Samco Securities Limited. The CIRP was initiated vide order dated 24.01.2024. The applicant sought withdrawal of the CIRP after settling the matter with the petitioner (Gupshup Technology India Private Limited).
Gupshup Technology India Private Limited initiated Corporate Insolvency Resolution Process (CIRP) against Samco Securities Limited. The CIRP was initiated on 24.01.2024. Subsequently, Gupshup Technology India Private Limited and Samco Securities Limited reached a settlement for Rs. 1,43,52,775/-, executing a settlement agreement on 25.01.2024. Samco Securities Limited made a part payment of Rs. 75,00,000/- to Gupshup Technology India Private Limited on 25.01.2024 and provided a demand draft for the balance amount of Rs. 68,52,775/- on the same date. Gupshup Technology India Private Limited remitted Rs. 5,00,000/- towards the CIRP admission order. Gupshup Technology India Private Limited then filed Form FA on 29.01.2024, seeking withdrawal of the CIRP, stating that no
…Corporate Insolvency…
Gupshup Technology India Private Limited…