The case involves an application (IA/435/2022) filed by Datacorp Traffic Pvt Ltd, the applicant, seeking permission to withdraw the present Petition/CIRP proceedings against VaaN Infra Pvt. Ltd., the corporate debtor. The application is based on an amicable settlement reached between the operational creditor (the applicant) and the corporate debtor, as evidenced by a Full and Final Settlement Agreement dated 24.01.2022. The applicant/IRP submits that the matter has been settled between the parties and CoC has not been constituted as yet. He further submits that in para 6, the applicant has mentioned this fact that even after advertisement, no claim has been received by the applicant. He further submits that the operational creditor has submitted the Form FA at page 22
…Datacorp Traffic Pvt Ltd initiated CIRP against VaaN Infra Pvt. Ltd. under Section 9 of the IBC. An amicable settlement was reached between Datacorp Traffic Pvt Ltd (the operational creditor and applicant) and VaaN Infra Pvt. Ltd. (the corporate debtor). The applicant filed IA/435/2022 seeking permission to withdraw the CIRP proceedings based on a Full and Final Settlement Agreement dated 2022-01-24. The applicant/IRP submitted that the matter has been settled between the parties and CoC has not been constituted as yet. He further submits that in para 6, the applicant has mentioned this fact that even after advertisement, no claim has been received by the applicant. He further submits that the operational creditor has submitted the Form FA at page 22 of application and
…Sign in to view the parties.
Date of the Full and Final Settlement Agreement…
Order delivered by the…
The case involves an application (IA/435/2022) filed by Datacorp Traffic Pvt Ltd, the applicant, seeking permission to withdraw the present Petition/CIRP proceedings against VaaN Infra Pvt. Ltd., the corporate debtor. The application is based on an amicable settlement reached between the operational creditor (the applicant) and the corporate debtor, as evidenced by a Full and Final Settlement Agreement dated 24.01.2022. The applicant/IRP submits that the matter has been settled between the parties and CoC has not been constituted as yet. He further submits that in para 6, the applicant has mentioned this fact that even after advertisement, no claim has been received by the applicant. He further submits that the operational creditor has submitted the Form FA at page 22
…Datacorp Traffic Pvt Ltd initiated CIRP against VaaN Infra Pvt. Ltd. under Section 9 of the IBC. An amicable settlement was reached between Datacorp Traffic Pvt Ltd (the operational creditor and applicant) and VaaN Infra Pvt. Ltd. (the corporate debtor). The applicant filed IA/435/2022 seeking permission to withdraw the CIRP proceedings based on a Full and Final Settlement Agreement dated 2022-01-24. The applicant/IRP submitted that the matter has been settled between the parties and CoC has not been constituted as yet. He further submits that in para 6, the applicant has mentioned this fact that even after advertisement, no claim has been received by the applicant. He further submits that the operational creditor has submitted the Form FA at page 22 of application and
…Date of the Full and Final Settlement Agreement…
Order delivered by the…