The case involves an application seeking to record a Joint Settlement Agreement dated 2022-03-11 executed between the respondents and to allow the withdrawal of an application admitted under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 9 of the IBC in IBA/200/2020.
The key facts are as follows: An application was filed seeking to record a Joint Settlement Agreement dated 2022-03-11 between the respondents. The application also sought the withdrawal of an application admitted under Section 9 of the I&B Code, 2016. The CIRP was initiated under Section 9 of the IBC in IBA/200/2020 on 2022-03-07. The Joint Settlement Agreement serves as the basis for withdrawing the CIRP. The relevance of the Joint Settlement Agreement is that it provides a resolution mechanism, leading to the withdrawal of the insolvency proceedings.
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CIRP initiated under…
Joint Settlement…
The case involves an application seeking to record a Joint Settlement Agreement dated 2022-03-11 executed between the respondents and to allow the withdrawal of an application admitted under Section 9 of the Insolvency and Bankruptcy Code (IBC) 2016. The Corporate Insolvency Resolution Process (CIRP) was initiated under Section 9 of the IBC in IBA/200/2020.
The key facts are as follows: An application was filed seeking to record a Joint Settlement Agreement dated 2022-03-11 between the respondents. The application also sought the withdrawal of an application admitted under Section 9 of the I&B Code, 2016. The CIRP was initiated under Section 9 of the IBC in IBA/200/2020 on 2022-03-07. The Joint Settlement Agreement serves as the basis for withdrawing the CIRP. The relevance of the Joint Settlement Agreement is that it provides a resolution mechanism, leading to the withdrawal of the insolvency proceedings.
CIRP initiated under…
Joint Settlement…