Tribunals and CommissionsSingle Bench(2019) 07 NCLT CK 0825

Helpage Finlease Ltd vs CTV Networks Pvt Ltd

National Company Law Tribunal · Decided on 19 July 2019

HON’BLE JUDGES
K Anantha Padmnabha Swamy, Member Judicial
RESULT
Disposed Of
CASE NUMBER
IA No. 369&618/2019 in CP (IB) No. 526/7/HDB/2018

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Judgment

4 paragraphs · 197 words

ORDER

Y. Suryanarayana Counsel for the Petitioner/Financial Creditor present. Counsels for R1 & R2 are present. R2 submitted that they have deposited the DD's of Rs.8 lakhs and four cheques of Rs.6 lakhs each as per the order dated 12.06.2019 and also they have deposited DD for Rs.3.24 lakhs in the name of the RP for CIRP cost. The DD bearing No.966378 of Rs.8 lakhs and other four cheques of Rs.6 lakhs each bearing Nos'. 250655, 250656, 110627 & 110626 are handed over to the counsel for the Financial Creditor and the same is acknowledged. Financial Creditor has returned the five original cheques given by the R2 & R3 bearing Nos. 250637, 250638, 110624, 250639 & 110625. Mr. Manoj Kumar Anand, RP with his counsel is present and submitted that he is filing objections for receiving the amount of Rs.3.24 lakhs and they are filing another application with objections claiming more than that amount. In view of the settlement entered between the parties, this CP is closed.

RP received the DD bearing No.966379 of Rs.3.24 lakhs from the registry with a liberty to file objections for more amount.

In view of the above, this CP is closed.