Sadbhav Engineering Ltd. Vs. Kunal Conchem Pvt. Ltd. – NCLAT New Delhi

In the proceedings settlement agreement dated 23.11.2023 was entered between the parties, relying on which settlement agreement proceedings were closed on 01.12.2023. Subsequently, Restoration Application was filed on the ground that the Corporate Debtor has not honoured the settlement between the parties. The application was opposed by the Corporate Debtor, however, the Adjudicating Authority after considering the submissions of the parties, allowed the application and revived Section 9 application.

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