The case involves a Company Petition where the matter was amicably settled between the parties. The consent terms were drawn, and the respondent agreed to pay approximately Rs. 40 crores as full and final settlement in different tranches. A withdrawal memo was filed seeking withdrawal of the Company Petition.
The key facts are that Indian Property Trust filed a Company Petition against Atithi Builder and Constructors Pvt Ltd. The parties reached an amicable settlement where Atithi Builder agreed to pay approximately Rs. 40 crores to Indian Property Trust as full and final settlement in different tranches. As a result of the settlement, Indian Property Trust filed a withdrawal memo seeking to withdraw the Company Petition. The relevance of these facts is that they form the basis for the court's decision to dismiss the petition.
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The hearing took place…
The court dismissed CP(IB)/954/MB/2020 as not…
The case involves a Company Petition where the matter was amicably settled between the parties. The consent terms were drawn, and the respondent agreed to pay approximately Rs. 40 crores as full and final settlement in different tranches. A withdrawal memo was filed seeking withdrawal of the Company Petition.
The key facts are that Indian Property Trust filed a Company Petition against Atithi Builder and Constructors Pvt Ltd. The parties reached an amicable settlement where Atithi Builder agreed to pay approximately Rs. 40 crores to Indian Property Trust as full and final settlement in different tranches. As a result of the settlement, Indian Property Trust filed a withdrawal memo seeking to withdraw the Company Petition. The relevance of these facts is that they form the basis for the court's decision to dismiss the petition.
The hearing took place…
The court dismissed CP(IB)/954/MB/2020 as not…