The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant/petitioner is M/s. Paisalo Digital Ltd., and the respondent is M/s. Cargo Planners Ltd. The learned counsel for the petitioner stated that the dispute has been amicably settled between the parties, and he has instructions to apply for withdrawal of the petition.
M/s. Paisalo Digital Ltd. filed a petition against M/s. Cargo Planners Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties and requested permission to withdraw the petition. The court then dismissed the petition as withdrawn, allowing the petitioner to file a fresh petition or apply for revival if the settlement terms are not complied with.
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Insolvency & Ba…
Order delivered…
The case involves a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant/petitioner is M/s. Paisalo Digital Ltd., and the respondent is M/s. Cargo Planners Ltd. The learned counsel for the petitioner stated that the dispute has been amicably settled between the parties, and he has instructions to apply for withdrawal of the petition.
M/s. Paisalo Digital Ltd. filed a petition against M/s. Cargo Planners Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties and requested permission to withdraw the petition. The court then dismissed the petition as withdrawn, allowing the petitioner to file a fresh petition or apply for revival if the settlement terms are not complied with.
Insolvency & Ba…
Order delivered…