The case involves Saraf Trexim Limited as the operational creditor and Vanraj Steels Private Limited as the corporate debtor. An application, IA(I.B.C)/583(KB)2024, was filed. The matter was heard on March 22, 2024.
Saraf Trexim Limited initiated a corporate insolvency resolution process against Vanraj Steels Private Limited. A settlement was reached between the parties, documented in a settlement agreement at page 21 (Annexure C) of the application. As a result of the settlement, the Corporate Debtor sought to withdraw C.P. (IB)/184(KB)2023. The court considered this application, IA(I.B.C)/583(KB)2024, and the settlement agreement. The key fact is the settlement agreement, which forms the basis for the withdrawal of the insolvency petition.
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Attendance-cum-order…
The case involves Saraf Trexim Limited as the operational creditor and Vanraj Steels Private Limited as the corporate debtor. An application, IA(I.B.C)/583(KB)2024, was filed. The matter was heard on March 22, 2024.
Saraf Trexim Limited initiated a corporate insolvency resolution process against Vanraj Steels Private Limited. A settlement was reached between the parties, documented in a settlement agreement at page 21 (Annexure C) of the application. As a result of the settlement, the Corporate Debtor sought to withdraw C.P. (IB)/184(KB)2023. The court considered this application, IA(I.B.C)/583(KB)2024, and the settlement agreement. The key fact is the settlement agreement, which forms the basis for the withdrawal of the insolvency petition.
Attendance-cum-order…