The case involves an application CA-716(PB)/2019 filed in the National Company Law Tribunal (NCLT), New Delhi, Principal Bench. The arguments were heard on 07.02.2019, and the order was reserved. The application was filed by the counsel under Section 9, but orders are yet to be pronounced.
Manjul Grover & Ors. filed a petition/application against Anand Divine Developers Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. The arguments were heard on 07.02.2019, and the order was reserved. During the proceedings, the parties amicably resolved the dispute, leading the petitioner to request the withdrawal of the petition. This request was made unconditionally, suggesting a settlement had been reached. The application was filed by the counsel under Section 9. The relevance of the amicable settlement is that it led to the dismissal of the case, indicating a resolution outside of the formal legal process.
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Arguments in the matter…
Order delivered dismissing CP No.…
The case involves an application CA-716(PB)/2019 filed in the National Company Law Tribunal (NCLT), New Delhi, Principal Bench. The arguments were heard on 07.02.2019, and the order was reserved. The application was filed by the counsel under Section 9, but orders are yet to be pronounced.
Manjul Grover & Ors. filed a petition/application against Anand Divine Developers Pvt. Ltd. under Section 7 of the Insolvency & Bankruptcy Code. The arguments were heard on 07.02.2019, and the order was reserved. During the proceedings, the parties amicably resolved the dispute, leading the petitioner to request the withdrawal of the petition. This request was made unconditionally, suggesting a settlement had been reached. The application was filed by the counsel under Section 9. The relevance of the amicable settlement is that it led to the dismissal of the case, indicating a resolution outside of the formal legal process.
Arguments in the matter…
Order delivered dismissing CP No.…