The case involves an application (I.A. No.68 of 2019) for the withdrawal of a company petition filed under Section 8 and 9 of the Insolvency & Bankruptcy Code, 2016. The petition was filed by Machinery Agencies, the Operational Creditor, against ABM Rubber Industries Pvt. Ltd., the Corporate Debtor.
Machinery Agencies, the Operational Creditor, initiated a company petition against ABM Rubber Industries Pvt. Ltd., the Corporate Debtor, under Section 8 and 9 of the Insolvency & Bankruptcy Code, 2016. Mr. Amit Pareek, the IRP, filed an application (I.A. No.68 of 2019) seeking withdrawal of the company petition. The court considered the IRP's presence and the application, ultimately allowing the withdrawal. The interim application and the main company petition were both disposed of as a result.
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The case involves an application (I.A. No.68 of 2019) for the withdrawal of a company petition filed under Section 8 and 9 of the Insolvency & Bankruptcy Code, 2016. The petition was filed by Machinery Agencies, the Operational Creditor, against ABM Rubber Industries Pvt. Ltd., the Corporate Debtor.
Machinery Agencies, the Operational Creditor, initiated a company petition against ABM Rubber Industries Pvt. Ltd., the Corporate Debtor, under Section 8 and 9 of the Insolvency & Bankruptcy Code, 2016. Mr. Amit Pareek, the IRP, filed an application (I.A. No.68 of 2019) seeking withdrawal of the company petition. The court considered the IRP's presence and the application, ultimately allowing the withdrawal. The interim application and the main company petition were both disposed of as a result.
Order was da…
Order delivered…