The case involves Tyco Fire and Security India Private Limited versus ESDS Software Solutions Private Limited. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench.
Tyco Fire and Security India Private Limited initiated proceedings against ESDS Software Solutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing before the NCLT Mumbai Bench on May 3, 2019, both parties' counsel informed the tribunal that they had reached an amicable settlement. They filed consent terms, which the tribunal took on record. Consequently, the petitioner requested the dismissal of the petition, which the tribunal granted.
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Hearing of the Mumbai…
Counsel for both sides submitted that the…
The case involves Tyco Fire and Security India Private Limited versus ESDS Software Solutions Private Limited. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench.
Tyco Fire and Security India Private Limited initiated proceedings against ESDS Software Solutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. During the hearing before the NCLT Mumbai Bench on May 3, 2019, both parties' counsel informed the tribunal that they had reached an amicable settlement. They filed consent terms, which the tribunal took on record. Consequently, the petitioner requested the dismissal of the petition, which the tribunal granted.
Hearing of the Mumbai…
Counsel for both sides submitted that the…