The case pertains to an application filed under Rule 8 of the Adjudicating Authority-NCLT Rules, 2016, seeking the withdrawal of a petition filed by the applicants, namely (IB)-1535(PB)/2018. The application was filed in the National Company Law Tribunal, New Delhi.
Aashish Jain & anr. filed a petition against Ansal Housing & Construction Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. Subsequently, an application CA-191(PB)/2019 was filed under Rule 8 of the Adjudicating Authority-NCLT Rules, 2016, seeking withdrawal of the petition (IB)-1535(PB)/2018. Mr. Vaibhav Chaudhary, the Authorized Representative of Ansal Housing & Construction Ltd., appeared and accepted the notice. A settlement agreement dated 07.02.2019 was reached between the parties and placed on record. The relevance of the settlement agreement is that it formed the basis for the withdrawal of the petition.
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Settlement ag…
Order delivered…
The case pertains to an application filed under Rule 8 of the Adjudicating Authority-NCLT Rules, 2016, seeking the withdrawal of a petition filed by the applicants, namely (IB)-1535(PB)/2018. The application was filed in the National Company Law Tribunal, New Delhi.
Aashish Jain & anr. filed a petition against Ansal Housing & Construction Ltd. under Section 7 of the Insolvency & Bankruptcy Code, 2016. Subsequently, an application CA-191(PB)/2019 was filed under Rule 8 of the Adjudicating Authority-NCLT Rules, 2016, seeking withdrawal of the petition (IB)-1535(PB)/2018. Mr. Vaibhav Chaudhary, the Authorized Representative of Ansal Housing & Construction Ltd., appeared and accepted the notice. A settlement agreement dated 07.02.2019 was reached between the parties and placed on record. The relevance of the settlement agreement is that it formed the basis for the withdrawal of the petition.
Settlement ag…
Order delivered…