The case pertains to a company petition/application filed under CP (IB) No. 279/9/HDB/2020 before the National Company Law Tribunal (NCLT), Hyderabad. The petitioner is Bonfiglioli Transmissions Pvt Ltd and the respondent is Hyquip Systems Ltd. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Bonfiglioli Transmissions Pvt Ltd filed a company petition/application (CP (IB) No. 279/9/HDB/2020) against Hyquip Systems Ltd under Section 9 of the IBC. During the hearing, both parties informed the NCLT that the matter had been settled. The learned counsel for the operational creditor (Bonfiglioli Transmissions Pvt Ltd) submitted a statement to withdraw the matter, which the court recorded. The key fact is the settlement between the parties, leading to the withdrawal of the application.
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Hearing held on 14.07.2021 at 10:30 AM where…
The case pertains to a company petition/application filed under CP (IB) No. 279/9/HDB/2020 before the National Company Law Tribunal (NCLT), Hyderabad. The petitioner is Bonfiglioli Transmissions Pvt Ltd and the respondent is Hyquip Systems Ltd. The application is filed under Section 9 of the Insolvency and Bankruptcy Code (IBC).
Bonfiglioli Transmissions Pvt Ltd filed a company petition/application (CP (IB) No. 279/9/HDB/2020) against Hyquip Systems Ltd under Section 9 of the IBC. During the hearing, both parties informed the NCLT that the matter had been settled. The learned counsel for the operational creditor (Bonfiglioli Transmissions Pvt Ltd) submitted a statement to withdraw the matter, which the court recorded. The key fact is the settlement between the parties, leading to the withdrawal of the application.
Hearing held on 14.07.2021 at 10:30 AM where…