The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (CIRP). The applicant, Amrit Corp Ltd., filed a petition against the respondent, Ansal Hi-Tech Township Ltd. The applicant's counsel stated that the claim against the corporate debtor has been settled, leading to a request for withdrawal of the company petition.
Amrit Corp Ltd. filed a company petition against Ansal Hi-Tech Township Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant's counsel stated that the claim against the corporate debtor, Ansal Hi-Tech Township Ltd., had been settled. Based on this settlement, the applicant requested the withdrawal of the company petition. The NCLT considered this request and subsequently dismissed the company petition as withdrawn.
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Amrit Corp Ltd. filed a petition against Ansal…
The NCLT allowed the application for…
The case involves an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (CIRP). The applicant, Amrit Corp Ltd., filed a petition against the respondent, Ansal Hi-Tech Township Ltd. The applicant's counsel stated that the claim against the corporate debtor has been settled, leading to a request for withdrawal of the company petition.
Amrit Corp Ltd. filed a company petition against Ansal Hi-Tech Township Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant's counsel stated that the claim against the corporate debtor, Ansal Hi-Tech Township Ltd., had been settled. Based on this settlement, the applicant requested the withdrawal of the company petition. The NCLT considered this request and subsequently dismissed the company petition as withdrawn.
Amrit Corp Ltd. filed a petition against Ansal…
The NCLT allowed the application for…