The case pertains to a Company Petition No. IB/186/ND/2020 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. An application was filed under Section 60(5) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of the company petition due to a settlement between the parties.
Mrs. Gurveen Kaur, the petitioner/operational creditor, filed a petition (IB/186/ND/2020) under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. CAPL Hotels and Spa Pvt. Ltd., the respondent/corporate debtor. Subsequently, an application (IA No. 1821 of 2021) was filed under Section 60(5) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of the petition due to a settlement reached between the parties. The court considered the submissions and application, leading to the dismissal of the petition as withdrawn.
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Order delivered on…
The case pertains to a Company Petition No. IB/186/ND/2020 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. An application was filed under Section 60(5) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of the company petition due to a settlement between the parties.
Mrs. Gurveen Kaur, the petitioner/operational creditor, filed a petition (IB/186/ND/2020) under Section 9 of the Insolvency and Bankruptcy Code (IBC) against M/s. CAPL Hotels and Spa Pvt. Ltd., the respondent/corporate debtor. Subsequently, an application (IA No. 1821 of 2021) was filed under Section 60(5) of the IBC, read with Rule 11 of the NCLT Rules, 2016, seeking the withdrawal of the petition due to a settlement reached between the parties. The court considered the submissions and application, leading to the dismissal of the petition as withdrawn.
Order delivered on…