The case pertains to CP No. (IB)446/ALD/2019 before the Allahabad Bench of the National Company Law Tribunal. The hearing was conducted through video conferencing. The counsel for the petitioner stated that the entire amount has been paid and the matter has been settled between the parties. The counsel for the petitioner wants to withdraw the present petition as the entire amount has been paid by the respondent.
The case involves M/S Vandana Trading Company V/S M/S Galaxy Papers Pvt. Ltd. The matter was heard through video conferencing. The petitioner's counsel stated that the entire amount due has been paid by the respondent, and the matter has been settled between the parties. Consequently, the petitioner sought to withdraw the petition. The court, noting the amicable settlement and full payment, dismissed the petition as withdrawn. The respondent's counsel, Mr. R.C. Gupta, was listed but not online during the hearing. This settlement is the key fact leading to the dismissal of the petition.
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The Allahabad Bench of the National Company Law…
The petitioner's counsel stated that the…
The case pertains to CP No. (IB)446/ALD/2019 before the Allahabad Bench of the National Company Law Tribunal. The hearing was conducted through video conferencing. The counsel for the petitioner stated that the entire amount has been paid and the matter has been settled between the parties. The counsel for the petitioner wants to withdraw the present petition as the entire amount has been paid by the respondent.
The case involves M/S Vandana Trading Company V/S M/S Galaxy Papers Pvt. Ltd. The matter was heard through video conferencing. The petitioner's counsel stated that the entire amount due has been paid by the respondent, and the matter has been settled between the parties. Consequently, the petitioner sought to withdraw the petition. The court, noting the amicable settlement and full payment, dismissed the petition as withdrawn. The respondent's counsel, Mr. R.C. Gupta, was listed but not online during the hearing. This settlement is the key fact leading to the dismissal of the petition.
The Allahabad Bench of the National Company Law…
The petitioner's counsel stated that the…