The case pertains to C.P. (I.B) No. 236/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal. The matter involves Kali Dyechem Pvt. Ltd. as the applicant/petitioner and Ethan Textiles India Pvt. Ltd. as the respondent. The petitioner sought to withdraw the instant petition due to a settlement reached between the parties.
Kali Dyechem Pvt. Ltd. initiated insolvency proceedings against Ethan Textiles India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The petitioner, Kali Dyechem Pvt. Ltd., subsequently sought to withdraw the petition. The reason for the withdrawal was a settlement reached between the parties. The petitioner's lawyer filed a pursis to formally request the withdrawal. The court considered the settlement and the withdrawal request.
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Hearing of Ahmedabad…
CP(IB) 236/2…
The case pertains to C.P. (I.B) No. 236/9/NCLT/AHM/2019 before the Ahmedabad Bench of the National Company Law Tribunal. The matter involves Kali Dyechem Pvt. Ltd. as the applicant/petitioner and Ethan Textiles India Pvt. Ltd. as the respondent. The petitioner sought to withdraw the instant petition due to a settlement reached between the parties.
Kali Dyechem Pvt. Ltd. initiated insolvency proceedings against Ethan Textiles India Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code. The petitioner, Kali Dyechem Pvt. Ltd., subsequently sought to withdraw the petition. The reason for the withdrawal was a settlement reached between the parties. The petitioner's lawyer filed a pursis to formally request the withdrawal. The court considered the settlement and the withdrawal request.
Hearing of Ahmedabad…
CP(IB) 236/2…