Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + Tri Insolvency and Bankruptcy - 2020 (11) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (11) TMI 533 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCHAmicable Settlement - Applicant represents that he does not have any objection to the terms and conditions as reflected in the memo, which correlates with the exchange of the e-mail communications happened as transpired between the parties namely the Applicant and the 1st Respondent viz., the Scheme Proponent - HELD THAT:- According to the terms and conditions contained in the joint memo filed by the 1st and 2nd Respondent, the period within which the Applicant is manning the dredger as covered in the joint memo, is only up to 30.09.2020 and in the circumstances, the mediation referred to the Chartered Accountant/Statutory Auditor of the Corporate Debtor in relation to the claim pertaining to the Applicant is to be suitably withdrawn - In relation to the balance claim which has been made by the Liquidator, both the parties represent, namely the 1st and 2nd Respondent and the Liquidator, Learned Counsel for the Liquidator represents that the same will go on for the mediation/Chartered Accountant. Application dismissed as withdrawn.
|