The case involves a dispute between Ervil Lata (Applicant/Petitioner) and M/s Deisein Pvt. Ltd. (Respondent). The matter was brought before the National Company Law Tribunal (NCLT) under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Ervil Lata filed an application against M/s Deisein Pvt. Ltd. before the National Company Law Tribunal (NCLT), New Delhi. Both parties reached an amicable settlement, executing a settlement agreement on 2021-07-23. The settlement agreement was placed on record. The applicant sought to withdraw the application based on the settlement. The applicant also sought liberty to restore the application if the settlement agreement was breached. The key fact is the amicable settlement between the parties, leading to the applicant's request to withdraw the application.
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Parties amicably…
Order delivered by the…
The case involves a dispute between Ervil Lata (Applicant/Petitioner) and M/s Deisein Pvt. Ltd. (Respondent). The matter was brought before the National Company Law Tribunal (NCLT) under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Ervil Lata filed an application against M/s Deisein Pvt. Ltd. before the National Company Law Tribunal (NCLT), New Delhi. Both parties reached an amicable settlement, executing a settlement agreement on 2021-07-23. The settlement agreement was placed on record. The applicant sought to withdraw the application based on the settlement. The applicant also sought liberty to restore the application if the settlement agreement was breached. The key fact is the amicable settlement between the parties, leading to the applicant's request to withdraw the application.
Parties amicably…
Order delivered by the…