2020 (1) TMI 37

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....katesh Rao for the Petitioner. Krishna Prasad for the Respondent. ORDER Rajeswara Rao Vittanala, C.P.(IB)No.274/BB/2019 is filed by M/s. MOS Logi Technologies Private Limited (hereinafter referred to as 'Petitioner/ Operational Creditor') under Section 9 of the IBC, 2016 R/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by inter alia se....

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....ve perused the pleadings of the parties and extant provisions of the Code. 4. Both the learned PCS have filed a Joint Memo of Settlement dated 30.08.2019 (which is taken on record), which reads as under: "We the Operational Creditor and Operational Debtor have arrived at the following settlement: Total claim as per Demand Notice (Form-3) INR 67,77,252 Interest component of INR 12,00,000/- an....

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....January 2020 HDFC Bank, Agara lake, Bangalore 001402 11,15,510 8. Cheque 28th February 2020 HDFC Bank, Agara lake, Bangalore 001403 8,00,000 9. Cheque 25th February 2020 HDFC Bank, Agara lake, Bangalore 001406 5,50,000 Total 81,27,550 We the Operational Debtor confirm the Cheque issued as above will be honored on it's due dates. In case the cheques are not honored, the Opera....