The case involves an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, filed by the Financial Creditor seeking withdrawal of the petition. The basis for the withdrawal is that the matter has been amicably settled between the parties.
Meena Devi & Anr. filed a petition against Earth Galleria Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor filed an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking withdrawal of the petition. The reason for seeking withdrawal was that the matter had been amicably settled between the parties. The matter was heard, and the order was reserved on 2019-02-13. The parties settled the dispute before the order was passed. The application for withdrawal was allowed, and the Company Petition No. (IB)-281(PB)/2018 and CA No. 294(PB)/2019 were disposed of.
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The matter was heard,…
The application for…
The case involves an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, filed by the Financial Creditor seeking withdrawal of the petition. The basis for the withdrawal is that the matter has been amicably settled between the parties.
Meena Devi & Anr. filed a petition against Earth Galleria Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor filed an application under Rule 8 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking withdrawal of the petition. The reason for seeking withdrawal was that the matter had been amicably settled between the parties. The matter was heard, and the order was reserved on 2019-02-13. The parties settled the dispute before the order was passed. The application for withdrawal was allowed, and the Company Petition No. (IB)-281(PB)/2018 and CA No. 294(PB)/2019 were disposed of.
The matter was heard,…
The application for…