The case pertains to an application filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant, Amrit Banaspati Company, initiated a corporate insolvency resolution process against the corporate debtor, Ansal Hi-Tech Township Ltd. The applicant's counsel stated that the claim against the corporate debtor has been settled.
Amrit Banaspati Company filed a petition against Ansal Hi-Tech Township Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant's counsel stated that the claim against the corporate debtor had been settled. Consequently, the applicant requested the withdrawal of the company petition. The court then allowed the application and dismissed the company petition as withdrawn.
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The case pertains to an application filed under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant, Amrit Banaspati Company, initiated a corporate insolvency resolution process against the corporate debtor, Ansal Hi-Tech Township Ltd. The applicant's counsel stated that the claim against the corporate debtor has been settled.
Amrit Banaspati Company filed a petition against Ansal Hi-Tech Township Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant's counsel stated that the claim against the corporate debtor had been settled. Consequently, the applicant requested the withdrawal of the company petition. The court then allowed the application and dismissed the company petition as withdrawn.
Order delivered on the…