The case involves Bank of Maharashtra as the applicant, seeking to withdraw the matter before the New Delhi Bench of the National Company Law Tribunal (NCLT). The case was mentioned but not listed for the day's proceedings. The applicant bank sought withdrawal based on a proposed compromise.
The Bank of Maharashtra, acting as the Financial Creditor, filed a case against M/s Grid India Power Cables Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The case was mentioned but not listed for hearing on the specified date. The Ld. Counsel for the Petitioner submitted that the applicant Bank had instructions to withdraw the matter due to a proposed compromise. The court then dismissed the case as withdrawn.
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Hearing before the New…
Applicant Bank sought…
The case involves Bank of Maharashtra as the applicant, seeking to withdraw the matter before the New Delhi Bench of the National Company Law Tribunal (NCLT). The case was mentioned but not listed for the day's proceedings. The applicant bank sought withdrawal based on a proposed compromise.
The Bank of Maharashtra, acting as the Financial Creditor, filed a case against M/s Grid India Power Cables Pvt. Ltd. under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The case was mentioned but not listed for hearing on the specified date. The Ld. Counsel for the Petitioner submitted that the applicant Bank had instructions to withdraw the matter due to a proposed compromise. The court then dismissed the case as withdrawn.
Hearing before the New…
Applicant Bank sought…