The case pertains to CP(IB) 69/HDB/9/2020 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter involves Mittal Polymers as the Operational Creditor and Sujala Pipes Ltd as the Corporate Debtor. The case was listed before the National Company Law Tribunal (NCLT), Hyderabad Bench – 1.
Mittal Polymers, the Operational Creditor, initiated proceedings against Sujala Pipes Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. A joint settlement memo was filed by both parties, informing the Tribunal that they had reached a settlement outside of the court. The Tribunal reviewed the settlement memo and acknowledged the resolution of the dispute between the parties. The filing of the joint settlement memo is a key fact, as it directly led to the disposal of the case.
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Hearing held on…
Joint settlement memo filed by the operational…
The case pertains to CP(IB) 69/HDB/9/2020 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter involves Mittal Polymers as the Operational Creditor and Sujala Pipes Ltd as the Corporate Debtor. The case was listed before the National Company Law Tribunal (NCLT), Hyderabad Bench – 1.
Mittal Polymers, the Operational Creditor, initiated proceedings against Sujala Pipes Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016. A joint settlement memo was filed by both parties, informing the Tribunal that they had reached a settlement outside of the court. The Tribunal reviewed the settlement memo and acknowledged the resolution of the dispute between the parties. The filing of the joint settlement memo is a key fact, as it directly led to the disposal of the case.
Hearing held on…
Joint settlement memo filed by the operational…