The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties involved are Laxmiraj Distributors Pvt Ltd and AIFSO Technologies Pvt Ltd. The matter was listed before the Mumbai Bench of the National Company Law Tribunal.
Laxmiraj Distributors Pvt Ltd initiated a petition against AIFSO Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties appeared before the National Company Law Tribunal (NCLT), Mumbai Bench. They submitted that they had reached an amicable settlement and filed consent terms. The NCLT took the consent terms on record. Subsequently, the petitioner requested the withdrawal of the petition.
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Hearing of the Mumbai…
The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The parties involved are Laxmiraj Distributors Pvt Ltd and AIFSO Technologies Pvt Ltd. The matter was listed before the Mumbai Bench of the National Company Law Tribunal.
Laxmiraj Distributors Pvt Ltd initiated a petition against AIFSO Technologies Pvt Ltd under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties appeared before the National Company Law Tribunal (NCLT), Mumbai Bench. They submitted that they had reached an amicable settlement and filed consent terms. The NCLT took the consent terms on record. Subsequently, the petitioner requested the withdrawal of the petition.
Hearing of the Mumbai…