2025 (6) TMI 604

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.... App. (AT) (Ins) No. 1118 of 2024 & I. A. No. 932, 1725, 1826 of 2025 With Comp. App. (AT) (Ins) No. 1120 of 2024 & I. A. No. 933, 1724 of 2025 - -<br>Insolvency & Bankruptcy<br>[ Justice Rakesh Kumar Jain ] Member ( Judicial ), [ Naresh Salecha ] Member ( Technical ) And [ Indevar Pandey ] Member ( Technical ) For the Appellant : Ms. Smriti Churiwal, Mr. Jaiveer Kant, Advocates. For the Res....

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.... the Corporate Debtor. 4. The second appeal has arisen from the order dated 25.04.2024 by which an application filed by Indiabulls Housing Finance Ltd., under Section 7 of the Code, against Essel Home Pvt. Ltd. (CD) for the Resolution of an amount of Rs. 2,60,98,26,700/- was admitted and the Suspended Director of the Corporate Debtor (Essel Home Pvt. Ltd.) has filed the second appeal. 5. Bot....

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....etween the parties, therefore, the case was adjourned from time to time for the parties to make a statement of the settlement. 7. Today, both the Counsels for the parties have made a joint statement that since the accounts have been reconciled therefore no amount is due to be paid by the CD to the Respondent. 8. It is submitted by the appellant that now the CD has to pay a sum of Rs. 31.17 C....