2018 (11) TMI 1689

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.... And A.I.S. Cheema Member(Judicial) For Appellant: - Mr. Rajeev K. Panday, Mr. Vivek Singh and Mr. Swastik Dalal, Advocates. For Respondents: - Mr. Navneet Gupta, Advocate. ORDER Admittedly, 'M/s. Meka Dredging Company Private Limited'- ('Corporate Debtor') failed to pay the debt and having defaulted to pay the amount, the Respondent- 'M/s. L&T Finance Limited'- ('Financial Creditor') ....

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....nancial Creditor' and received no due certificate. However, it failed to make any settlement with the other 'Financial Creditor' namely- 'ARCIL'. 4. Learned counsel appearing on behalf of the 'ARCIL' submitted that a settlement agreement was reached before initiation of the 'Corporate Insolvency Resolution Process' but the 'Corporate Debtor' having failed to pay in terms of the settlement the s....