Global Tax Free Traders Inc. v. Sunrise F & B Hospitality Pvt. Ltd.
Case brief
What is this about?
This order recalls the appointing order of a Provisional Liquidator in insolvency proceedings. The High Court disposed of the recall petition and other pending applications based on a settlement agreement between the parties, where the respondent agreed to pay the petitioner and cover the interim liquidator's expenses.
What did the court decide?
Recall of the order dated 02.02.2016 appointing the Provisional Liquidator upon deposit of expenses.