The case involves K.C.C Buildtech Pvt. Ltd. as the applicant/petitioner and Emmar MGF Land Ltd. as the respondent. The order pertains to Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The learned counsel for the petitioner stated that the dispute has been amicably settled between the parties, and instructions were given to apply for withdrawal of the petition.
K.C.C Buildtech Pvt. Ltd. filed a petition against Emmar MGF Land Ltd. under Section 7 of the IBC, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties, and they were instructed to withdraw the petition. Consequently, the court dismissed the petition as withdrawn. The amicable settlement suggests a resolution of the underlying financial or contractual issues between the parties, leading to the withdrawal of the insolvency proceedings.
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K.C.C Buildtech Pvt. Ltd. filed a petition…
The court dismissed the petition as withdrawn…
The case involves K.C.C Buildtech Pvt. Ltd. as the applicant/petitioner and Emmar MGF Land Ltd. as the respondent. The order pertains to Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The learned counsel for the petitioner stated that the dispute has been amicably settled between the parties, and instructions were given to apply for withdrawal of the petition.
K.C.C Buildtech Pvt. Ltd. filed a petition against Emmar MGF Land Ltd. under Section 7 of the IBC, 2016. The petitioner's counsel informed the court that the dispute had been amicably settled between the parties, and they were instructed to withdraw the petition. Consequently, the court dismissed the petition as withdrawn. The amicable settlement suggests a resolution of the underlying financial or contractual issues between the parties, leading to the withdrawal of the insolvency proceedings.
K.C.C Buildtech Pvt. Ltd. filed a petition…
The court dismissed the petition as withdrawn…