IN THE NATIONAL COMPANY LAW TRIBUNAL: NEW DELHI

SPECIAL BENCH (COURT – II)

Item No. 236

IB-627/ND/2024

IA-6301/2024

IN THE MATTER OF:

Samman Capital Limited … Applicant/Petitioner

Versus

Pradeep Kumar Jain … Respondent

Under Section: 95 of IBC, 2016 Order delivered on 04.03.2025

CORAM:

SH. ASHOK KUMAR BHARDWAJ SH. ANIL RAJ CHELLAN HON’BLE MEMBER (J) HON’BLE MEMBER (T)

PRESENT:

For the Applicant : Adv. Siddhartha Joshi, Adv. Ujjwala Gupta

For the Respondent : Adv. Kuwar Rajpurohit

For the RP : Manoj Kumar Anand, Adv. Udita Singh

Hearing Through: VC and Physical (Hybrid) Mode

ORDER

The Ld. Counsel for the Applicant i.e. Samman Capital Limited produced a copy of order dated 17.02.2025 and submitted that the principal borrower and the Creditor have entered into settlement qua the amount of debt. The

order reads thus:

“The total amount of default alleged in the petition is Rs. 942,26,92,456/-. The relevant excerpt in Part-IV of the applications

reads thus:

Today Ms. Pooja Saigal Ld. Sr. Counsel appearing for Corporate Debtor viz. Parasvnath Developers Ltd. handed over demand drafts for the amount of Rs. 40,00,00,000/-(Demand Draft No.-200863) and Rs.35,00,00,000/- (Demand Draft No. 200862) to Mr. Sumesh Dha