CA No. 63/2019 (IB)-457/ND/2018 was filed jointly by M/s Ashtech Buildpro India Pvt. Ltd. (Applicant) and M/s Ambienco Projects and Infrastructure Pvt. Ltd. (Respondent) for withdrawal of application IB-457/ND/2018. An order initiating CIRP was previously passed on 12.02.2019 against the Corporate Debtor. The parties have settled and executed a memorandum of settlement on 19.02.2019. The COC has not yet been constituted. The application is covered under the judgment passed by the Supreme Court in the Swiss Ribbons Case. The settlement between the parties is the key fact that led to the withdrawal application.

CA No. 63/2019 (IB)-457/ND/2018 was filed jointly by M/s Ashtech Buildpro India Pvt. Ltd. (Applicant) and M/s Ambienco Projects and Infrastructure Pvt. Ltd. (Respondent) for withdrawal of application IB-457/ND/2018. An order initiating CIRP was previously passed on 12.02.2019 against the Corporate Debtor. The parties have settled and executed a memorandum of settlement on 19.02.2019. The COC has not yet been constituted. The application is covered under the judgment passed by the Supreme Court in the Swiss Ribbons Case. The settlement between the parties is the key fact that led to the withdrawal application.