The case pertains to C.P.(IB)-3216(MB)/2019 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench. Consent terms have been filed in the matter evidencing settlement of the claim of the Operational Creditor.
Maharashtra Gujarat Transport Co filed a case against Hindustan Construction Co Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The parties presented consent terms indicating a settlement of the Operational Creditor's claim. The NCLT took these consent terms on record. Consequently, the case C.P.(IB)-3216(MB)/2019 was dismissed as withdrawn, in accordance with the consent terms. The Operational Creditor was granted the liberty to approach the Tribunal again if a default occurs.
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Order sheet…
The case pertains to C.P.(IB)-3216(MB)/2019 filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter was brought before the National Company Law Tribunal (NCLT), Mumbai Bench. Consent terms have been filed in the matter evidencing settlement of the claim of the Operational Creditor.
Maharashtra Gujarat Transport Co filed a case against Hindustan Construction Co Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The parties presented consent terms indicating a settlement of the Operational Creditor's claim. The NCLT took these consent terms on record. Consequently, the case C.P.(IB)-3216(MB)/2019 was dismissed as withdrawn, in accordance with the consent terms. The Operational Creditor was granted the liberty to approach the Tribunal again if a default occurs.
Order sheet…