2021 (1) TMI 343

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....) For the Appellant : Namratha 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 ....

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....rovisions of the Code and the Rules made thereunder. 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 litigatio....

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....that the instant joint memo is towards full and final settlement of all 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 ....