The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). A compromise was reached between the petitioner, Vignesh Metal and Industries, and the respondent, Golden Engineering Technologies Pvt Ltd. A Memo of Compromise was filed at the Registry.
Vignesh Metal and Industries filed a petition (IBA/1466/2019) against Golden Engineering Technologies Pvt Ltd under Section 9 Rule 6 of the IBC 2016. During the proceedings, the counsels for both parties informed the court that they had reached a compromise. A Memo of Compromise was also filed with the Registry. Based on this compromise, the court dismissed the petition as settled out of court. The key fact is the compromise between the parties, which led to the dismissal of the case.
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The case involves a petition filed under the Insolvency and Bankruptcy Code (IBC). A compromise was reached between the petitioner, Vignesh Metal and Industries, and the respondent, Golden Engineering Technologies Pvt Ltd. A Memo of Compromise was filed at the Registry.
Vignesh Metal and Industries filed a petition (IBA/1466/2019) against Golden Engineering Technologies Pvt Ltd under Section 9 Rule 6 of the IBC 2016. During the proceedings, the counsels for both parties informed the court that they had reached a compromise. A Memo of Compromise was also filed with the Registry. Based on this compromise, the court dismissed the petition as settled out of court. The key fact is the compromise between the parties, which led to the dismissal of the case.
Hearing held on…
Counsel for Petitioner submits that a…
Sign in to view related legal provisions.