The case involves Shakti Bhog Snacks Ltd. as the petitioner/applicant and Anjali Technoplast Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code. The petitioner sought to initiate insolvency proceedings against the respondent.
Shakti Bhog Snacks Ltd. filed a petition against Anjali Technoplast Ltd. under Section 7 of the Insolvency & Bankruptcy Code. During the proceedings, the counsel for the petitioner informed the court that the parties had reached an amicable settlement. The petitioner's counsel had instructions to withdraw the petition, but with the liberty to file a fresh petition if the post-dated cheques issued as part of the settlement were not honored. The court, acknowledging the settlement and the instructions to withdraw, dismissed the petition with liberty.
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Item No. 119 (IB)-1144(P…
The court dismissed the petition as withdrawn…
The case involves Shakti Bhog Snacks Ltd. as the petitioner/applicant and Anjali Technoplast Ltd. as the respondent. The matter was brought before the National Company Law Tribunal (NCLT), New Delhi, under Section 7 of the Insolvency & Bankruptcy Code. The petitioner sought to initiate insolvency proceedings against the respondent.
Shakti Bhog Snacks Ltd. filed a petition against Anjali Technoplast Ltd. under Section 7 of the Insolvency & Bankruptcy Code. During the proceedings, the counsel for the petitioner informed the court that the parties had reached an amicable settlement. The petitioner's counsel had instructions to withdraw the petition, but with the liberty to file a fresh petition if the post-dated cheques issued as part of the settlement were not honored. The court, acknowledging the settlement and the instructions to withdraw, dismissed the petition with liberty.
Item No. 119 (IB)-1144(P…
The court dismissed the petition as withdrawn…