The case involves a company petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant/petitioner is Prem Prakash, and the respondent is Colonia Santa Maria Hotels Pvt. Ltd. The petition was filed before the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.
Prem Prakash filed a company petition against Colonia Santa Maria Hotels Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, a settlement was reached between Prem Prakash (the applicant) and Colonia Santa Maria Hotels Pvt. Ltd. (the corporate debtor). Based on this settlement, Prem Prakash requested the NCLT to withdraw the company petition. The NCLT considered this request and dismissed the petition as withdrawn. The settlement is dated 15.10.2020.
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Settlement arrived at…
Order delivered…
The case involves a company petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The applicant/petitioner is Prem Prakash, and the respondent is Colonia Santa Maria Hotels Pvt. Ltd. The petition was filed before the National Company Law Tribunal (NCLT), New Delhi, Principal Bench.
Prem Prakash filed a company petition against Colonia Santa Maria Hotels Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. Subsequently, a settlement was reached between Prem Prakash (the applicant) and Colonia Santa Maria Hotels Pvt. Ltd. (the corporate debtor). Based on this settlement, Prem Prakash requested the NCLT to withdraw the company petition. The NCLT considered this request and dismissed the petition as withdrawn. The settlement is dated 15.10.2020.
Settlement arrived at…
Order delivered…