The case pertains to CP No. (IB)20/ALD/2020 filed before the National Company Law Tribunal, Allahabad Bench. The operational creditor sought to withdraw the petition based on an out-of-court settlement.
The operational creditor, Design Radiance Pvt Ltd, filed a petition (CP No. (IB)20/ALD/2020) against Brick Town Developers Pvt Ltd. During the proceedings, the operational creditor's counsel sought leave to withdraw the petition, citing an out-of-court settlement. The NCLT, Allahabad Bench, considered the submission and dismissed the petition as withdrawn. The key fact is the settlement reached outside of court, leading to the withdrawal of the petition.
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Hearing held on…
CP No. (IB)20/…
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The case pertains to CP No. (IB)20/ALD/2020 filed before the National Company Law Tribunal, Allahabad Bench. The operational creditor sought to withdraw the petition based on an out-of-court settlement.
The operational creditor, Design Radiance Pvt Ltd, filed a petition (CP No. (IB)20/ALD/2020) against Brick Town Developers Pvt Ltd. During the proceedings, the operational creditor's counsel sought leave to withdraw the petition, citing an out-of-court settlement. The NCLT, Allahabad Bench, considered the submission and dismissed the petition as withdrawn. The key fact is the settlement reached outside of court, leading to the withdrawal of the petition.
Hearing held on…
CP No. (IB)20/…
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