The case involves Euro Alloys Limited versus Superfine Metals Private Limited. The counsels for both the Operational Creditor (OC) and Corporate Debtor (CD) jointly submitted that the matter has been settled between the parties, and the OC has tendered Consent Terms to the bench.
Euro Alloys Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Superfine Metals Private Limited. The counsels representing both parties, the Operational Creditor (Euro Alloys Limited) and the Corporate Debtor (Superfine Metals Private Limited), jointly informed the court that they had reached a settlement. The Operational Creditor also submitted Consent Terms to the court, indicating an agreement on the resolution of the matter. Consequently, the Operational Creditor sought to withdraw the Corporate Petition, with the court granting permission to do so, allowing the Operational Creditor the option to revive the petition if the conditions outlined in the Consent Terms were not met.
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The court heard the matter and noted the joint…
The case involves Euro Alloys Limited versus Superfine Metals Private Limited. The counsels for both the Operational Creditor (OC) and Corporate Debtor (CD) jointly submitted that the matter has been settled between the parties, and the OC has tendered Consent Terms to the bench.
Euro Alloys Limited initiated a Corporate Insolvency Resolution Process (CIRP) against Superfine Metals Private Limited. The counsels representing both parties, the Operational Creditor (Euro Alloys Limited) and the Corporate Debtor (Superfine Metals Private Limited), jointly informed the court that they had reached a settlement. The Operational Creditor also submitted Consent Terms to the court, indicating an agreement on the resolution of the matter. Consequently, the Operational Creditor sought to withdraw the Corporate Petition, with the court granting permission to do so, allowing the Operational Creditor the option to revive the petition if the conditions outlined in the Consent Terms were not met.
The court heard the matter and noted the joint…