The case involves an application CP(IB)/690(CHE)/2020 filed under the Insolvency and Bankruptcy Code (IBC). Both parties have entered into a settlement, leading to the filing of a 12A application. The applicant, through Resolution Professional S. Vasudevan, is withdrawing the application based on a Memorandum of Settlement.
The key facts are that CP(IB)/690(CHE)/2020 was filed under the IBC. The parties involved reached a settlement, leading to the filing of a 12A application. S. Vasudevan, the Resolution Professional, filed Form FA to withdraw the application. The Memorandum of Settlement was executed by both parties. The court took the settlement on record. The relevance of these facts is that they demonstrate the process of settling an insolvency case and the subsequent withdrawal of the application.
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CP(IB)/690(CH…
Hearing held on…
The case involves an application CP(IB)/690(CHE)/2020 filed under the Insolvency and Bankruptcy Code (IBC). Both parties have entered into a settlement, leading to the filing of a 12A application. The applicant, through Resolution Professional S. Vasudevan, is withdrawing the application based on a Memorandum of Settlement.
The key facts are that CP(IB)/690(CHE)/2020 was filed under the IBC. The parties involved reached a settlement, leading to the filing of a 12A application. S. Vasudevan, the Resolution Professional, filed Form FA to withdraw the application. The Memorandum of Settlement was executed by both parties. The court took the settlement on record. The relevance of these facts is that they demonstrate the process of settling an insolvency case and the subsequent withdrawal of the application.
CP(IB)/690(CH…
Hearing held on…