The case involves a corporate insolvency resolution process under the IBC. The Financial Creditor (FC) has submitted a memo of withdrawal indicating that payments due to all banks/financial institutions, including the FC, have been addressed. The FC has received Rs. 607,49,00,000/-. The original Framework Settlement Agreement is in the FC's custody. The Resolution Professional (RP) had earlier claimed fees and charges, and the Corporate Debtor (CD) has promised to pay Rs. 7,27,096.00/- for which a Demand Draft drawn on Axis Bank, Banjara Hills, Hyderabad Branch, has been produced. The CD undertakes to handover the original of the same to the RP.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Soma Enterprises Ltd. The Financial Creditor (FC), State Bank of India, submitted a memo of withdrawal, indicating that payments due to all banks/financial institutions, including the FC, have been addressed. The FC has received an amount of Rs. 607,49,00,000/-. The original Framework Settlement Agreement is in the FC's custody. The Resolution Professional (RP) had earlier claimed fees and charges. The Corporate Debtor (CD) has promised to pay Rs. 7,27,096.00/- to the RP, for which a Demand Draft drawn on Axis Bank, Banjara Hills, Hyderabad Branch, has been produced. The CD undertakes to handover the original of the same to the RP during the course of the day. The relevance of
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The case involves a corporate insolvency resolution process under the IBC. The Financial Creditor (FC) has submitted a memo of withdrawal indicating that payments due to all banks/financial institutions, including the FC, have been addressed. The FC has received Rs. 607,49,00,000/-. The original Framework Settlement Agreement is in the FC's custody. The Resolution Professional (RP) had earlier claimed fees and charges, and the Corporate Debtor (CD) has promised to pay Rs. 7,27,096.00/- for which a Demand Draft drawn on Axis Bank, Banjara Hills, Hyderabad Branch, has been produced. The CD undertakes to handover the original of the same to the RP.
The State Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against Soma Enterprises Ltd. The Financial Creditor (FC), State Bank of India, submitted a memo of withdrawal, indicating that payments due to all banks/financial institutions, including the FC, have been addressed. The FC has received an amount of Rs. 607,49,00,000/-. The original Framework Settlement Agreement is in the FC's custody. The Resolution Professional (RP) had earlier claimed fees and charges. The Corporate Debtor (CD) has promised to pay Rs. 7,27,096.00/- to the RP, for which a Demand Draft drawn on Axis Bank, Banjara Hills, Hyderabad Branch, has been produced. The CD undertakes to handover the original of the same to the RP during the course of the day. The relevance of
…Order sheet of hearing (hybrid) dated…
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