2021 (1) TMI 343

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.... For the Respondent : Raghuram Cadambi ORDER Rajeswara Rao Vittanala, Member (J) 1. C.P.(IB) No. 131/BB/2020 is filed by Mr. Saikat Mukherjee (hereinafter referred to as 'Applicant/Operational Creditor') U/s 9 of the IBC, 2016, R/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by inter alia seeking to initiate Corporate Insolvency Resolutio....

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....under. 4. The Learned Counsels for both the Parties submits that they have settled the issue and thus Petition can be closed. They have placed a Joint Memo of Reporting Settlement dated 08.08.2020, which reads as under: "That the Respondent shall pay the Applicant Rs. 6,92,307/-towards the gratuity claim and Rs. 1,75,000/- towards litigation expenses, i.e., a total sum of Rs. 8, 67, 307/- (Rupe....

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....ll the claims/demand/disputes between the Applicant and the Respondent herein and that the Applicant herein shall not make any further claims/demands, or institute any legal proceedings whatsoever, with regard to the subject-matter of the above dispute. The Applicant and the Respondent consent to this Compromise and the parties herein are submitting this joint memo by signing it with a clear int....