The case involves M/s. Vinayak Laser Tech Pvt. Ltd. as the applicant/petitioner and M/s. Entertainment City Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency & Bankruptcy Code, 2016.
M/s. Vinayak Laser Tech Pvt. Ltd. filed a petition against M/s. Entertainment City Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel stated that the matter was settled, and a demand draft of Rs. 10,18,814/- dated 11.07.2019, drawn on Axis Bank, was handed over as settlement. Consequently, the petitioner applied for withdrawal of the petition. The key fact is the settlement between the parties leading to the withdrawal request.
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Demand draft…
Order delivered…
The case involves M/s. Vinayak Laser Tech Pvt. Ltd. as the applicant/petitioner and M/s. Entertainment City Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 9 of the Insolvency & Bankruptcy Code, 2016.
M/s. Vinayak Laser Tech Pvt. Ltd. filed a petition against M/s. Entertainment City Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner's counsel stated that the matter was settled, and a demand draft of Rs. 10,18,814/- dated 11.07.2019, drawn on Axis Bank, was handed over as settlement. Consequently, the petitioner applied for withdrawal of the petition. The key fact is the settlement between the parties leading to the withdrawal request.
Demand draft…
Order delivered…