The case involves an application filed by L&T Housing Finance Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Cosmopolitan Technofab Textiles Pvt Ltd. The applicant/petitioner sought initiation of the corporate insolvency resolution process against the respondent.
L&T Housing Finance Ltd. filed a petition against Cosmopolitan Technofab Textiles Pvt Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel stated that they had instructions to withdraw the petition. Consequently, the NCLT dismissed the petition as withdrawn. The key fact is the petitioner's voluntary withdrawal of the petition, leading to its dismissal.
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Item No. 102 (IB)-1578(P…
The order was d…
The case involves an application filed by L&T Housing Finance Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Cosmopolitan Technofab Textiles Pvt Ltd. The applicant/petitioner sought initiation of the corporate insolvency resolution process against the respondent.
L&T Housing Finance Ltd. filed a petition against Cosmopolitan Technofab Textiles Pvt Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel stated that they had instructions to withdraw the petition. Consequently, the NCLT dismissed the petition as withdrawn. The key fact is the petitioner's voluntary withdrawal of the petition, leading to its dismissal.
Item No. 102 (IB)-1578(P…
The order was d…