2018 (11) TMI 1689

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....l) 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') filed an application under Section 7 o....

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....rtificate. 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Resolution Process' but the 'Corporate Debtor' having failed to pay in terms of the settlement the settlement was revoked. However, we are no....