Order sheet of interim hearing. Petitioner's counsel stated that the dispute was settled out of court per an MoU. Case dismissed with liberty.
petition dismissed with liberty
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06
NATIONAL COMPANY LAW TRIBUNAL. CUTTACK BENCH. CUTTACK
ORDER SHEET OF'THE HEARING ON 15th FEBRUARY, 2O2I, 02:30 P.M.
CP(IB) No. 121lCTBl20t9
Present: L. Hontble Member, Ms. Sucharitha R. (O 2. Hon'ble Member, Shri Satya Ranjan Prasad (T)
Kanodia Alloy Steel Company -Vs- Power Pack Steel Name of the Company Industries P\4. Ltd. Under Section 9 IBC
Coram: 1. Hon'ble Member, Ms. Sucharitha R.(J)
For Petitioner (s)
Brjay Jena, Adv. Pankaj Agarwal, Adv.
For Respondent (s)
Saswat K. Acharya, Adv.
ORDER
Ld. Counsel for the petitioner and respondent are present. Ld. Counsel for the petitioner states that Memorandum of Understanding dated 31.12.2020 was arrived between the parties. As per the MoU, the respondent has agreed to make payment on or before 31.03.2021. Since, the matter has been settled out of the Court, hence, this petition is dismissed with liberty.
Shri Ranjan Prasad Member (T)
Member(J)
Nishi(Steno)
Kanodia Alloy Steel Company
Power Pack Steel Industries Ltd
Sucharitha R
Satya Ranjan Prasad
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
