The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Petitioner's counsel stated that the matter has been settled between the parties, and a joint memo of settlement signed by both sides was filed. The Petitioner sought leave from the Tribunal to withdraw the petition.
The key facts are as follows: A petition was filed under Section 9 of the IBC. The Petitioner and Respondent reached a settlement. A joint memo of settlement, signed by both parties, was filed with the Tribunal. The Petitioner requested the Tribunal to allow the withdrawal of the petition. The Tribunal took the memo on record and granted permission for the withdrawal. The petition was then closed as withdrawn. The relevance of these facts lies in demonstrating the resolution of the dispute through settlement and the subsequent procedural steps taken to withdraw the legal action.
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Attendance-cum-order…
Petitioner's counsel stated that the matter has…
The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The Petitioner's counsel stated that the matter has been settled between the parties, and a joint memo of settlement signed by both sides was filed. The Petitioner sought leave from the Tribunal to withdraw the petition.
The key facts are as follows: A petition was filed under Section 9 of the IBC. The Petitioner and Respondent reached a settlement. A joint memo of settlement, signed by both parties, was filed with the Tribunal. The Petitioner requested the Tribunal to allow the withdrawal of the petition. The Tribunal took the memo on record and granted permission for the withdrawal. The petition was then closed as withdrawn. The relevance of these facts lies in demonstrating the resolution of the dispute through settlement and the subsequent procedural steps taken to withdraw the legal action.
Attendance-cum-order…
Petitioner's counsel stated that the matter has…