Tribunal Initiates Corporate Insolvency Resolution Process After Failed Settlement Attempts Between Parties.

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....Initiation of CIRP - In the interest of justice, this Tribunal has granted ample opportunities to both the parties to explore the possibilities of an amicable resolution of the matter, however, the parties have failed to arrive at settlement - upon appreciation of the documents placed on record to substantiate the claim, this Tribunal admits this petition and initiates CIRP on the Corporate Debtor with immediate effect. - Tri....